Who should build the low-carbon economy?
The geographical diversification of technological innovation has remained more of a dream than a reality.
The global economy has seen a shift towards low-carbon technologies, but the geographical spread of technological innovation has not kept pace. While clean-energy technology adoption has surged, with solar capacity increasing tenfold since 2015, the manufacturing capabilities remain highly concentrated. The International Energy Agency reports that despite these advancements, only a few countries dominate the production of solar panels and wind turbines.
This lack of diversification contrasts with a more optimistic scenario where each country, equipped with its own research institutions and technology labs, could build solutions tailored to its unique circumstances. In such a scenario, governments could collaborate mutually beneficially, leveraging complementary competencies. However, this dream of geographical diversification in technological innovation has remained a distant reality.
Written by urgent.news from The Jakarta Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
