Chapter 7: Going forward.
Specifically, two vehicles could be envisioned that build upon the previously discussed lessons learned:
A clean energy technology innovation network would virtually connect energy research centers in developing countries and support designated centers of excellence in providing a variety of services and financing tools to promote innovation. The centers could focus on particular technologies and serve as conduits to launch international challenge programs that finance R&D on specific issues.
An advanced purchase commitment for clean energy technologies. An independent scientific committee would specify the characteristics of a technology or portfolio of technologies, the commercialization of which would be rewarded by a future purchase commitment. Similar to an options contract on a future feed-in tariff, such a vehicle could be designed to provide incentives to commercialize technologies that currently languish in the "valley of death."
More research is required to define the structures that would make these vehicles most effective and efficient, as well as to determine which technologies should be targeted.
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|Title Annotation:||Accelerating Clean Energy Technology Research, Development, and Deployment: Lessons from Non-energy Sectors|
|Publication:||Accelerating Clean Energy Technology Research, Development, and Deployment|
|Date:||May 1, 2008|
|Previous Article:||Chapter 6: Lessons learned.|