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This study examines why the UK should actively innovate Low Carbon Technologies, how the UK innovation system currently works and how it needs to evolve to meet new challenges.
We conclude that the time is right for the UK to accelerate the move towards an innovation policy which is 'technology focussed', based upon customised, technology specific support for carefully prioritised LCTs. We believe this is the most cost effective way to meet climate change related targets and generate economic benefit for the UK.
Our findings are based largely on the results of an in-depth economic, engineering and commercial analysis of a sample of six LCTs, a review of LCT innovation systems in the UK and internationally and a high-level review of industrial policy.
CTC751 - Focus for success - A new approach to commercialising low carbon technologies - Executive summary