Aligning policies for low-carbon systemic innovation in Europe

In a forthcoming report, Profs Nicholas Ashford, of MIT, and Andrea Renda, of CEPS and Duke University, argue that the EU is not only suffering from a shortage of innovation in some areas, but even more importantly from a ‘diffusion deficit’, since many technologies and solutions do not reach the market for a variety of reasons. To examine the causes of this problem, CEPS and the Industrial Innovation for Competitiveness initiative (i24c) jointly organised a seminar at CEPS on May 17th dedicated to “Aligning policies for low-carbon systemic innovation in Europe”. The report contains a number of recommendations related to EU innovation policy and the Better Regulation agenda and identifies mutually supportive and sustainability-enhancing policies. The authors advocate several changes including abandoning the current exclusive focus on supply-side measures, eliminating policy biases in favour of incumbent players and reforming the Better Regulation agenda to look for long-term impacts rather than focusing on merely cutting red tape. The programme featured the new Head of the Regulatory Scrutiny Board, Anne Bucher, Stephan Raes (Dutch Presidency), Luc Soete (UNU-MERIT and RISE group, European Commission), Timo Makela (SITRA), Max Ahman (Lund University), Richard Baron (OECD), Thomas Spencer (IDDRI) and Sami Andoura (EPSC, European Commission).