US-China climate change deal: Climate-KIC calls on innovators to exceed targets

Bertrand van Ee, CEO of Climate-KIC, has called on innovators and entrepreneurs to step up their “open innovation” efforts to bring down CO2 emission levels, boost the clean economy and exceed current targets. 

Following recent commitments to further cut greenhouse gas emissions by world leaders in the United States, China and across Europe, Van Ee urges innovators to harness the new momentum to develop the tools and technologies that will deliver more emission reductions and create more jobs in the clean economy.

Van Ee said: “With the US and China now following the EU’s lead in their commitment to deal with climate change, policy makers around the world have set clear targets. It is now up to the world’s innovators to deliver more solutions to bring down CO2 levels.”

“Our aim should be to not just meet current targets, but to exceed them by practicing “open innovation” to speed up the process and share both the risks and rewards among partners,” he said.

At the European Parliament’s ‘6th European Innovation Summit’ in Brussels on 18 November 2014, Van Ee will stress that the answer to delivering goals set by policy makers lies in “open innovation” where partners both share the risks and reward of innovation. More collaboration will deliver results sooner and boost national and regional economies in Europe and around the world.

Scaling up efforts in Europe’s regions

Van Ee will highlight how the scaling up of open innovation efforts around Europe, including more coordination between EU low-carbon investment programmes on regional levels, can provide a major boost for climate change mitigation and adaptation.

“The deal is not just good news for the future of the global clean energy sector, but also for the wider green economy. Scaling up the development of clean-tech innovation will certainly impact global targets, but it will also create huge business opportunities at a national, regional and city level,” said Van Ee.

He added: “A significant amount of Europe’s low-carbon investments are made at the sub-national level. We can scale up the development of solutions to climate change by better coordinating these investment programmes. Climate-KIC is taking the lead on this in regions around Europe.”

For example, Climate-KIC and Poland’s Lower Silesia region have agreed to coordinate their multi-million Euro investment programmes. Lower Silesia is aiming to spend over €600 million of its European Structural and Investment (ESI) funds to support its low-carbon economy over the next seven years. Climate-KIC has committed to investing around €400 million annually to support its pan-European activities during the same period. 

Demand for skills and knowledge

In Brussels this week, Van Ee will also say that to help fuel the new economic opportunities, business educators need to step up their game to meet the demand for new skills and knowledge.

Van Ee stressed: “In order to fuel these economic opportunities, we must also ensure that business schools and universities – whether in China or in Europe – are producing the leaders with the knowledge and skills needed in the new economy.”

“In Europe, we are already working with institutions to deliver this and we are reaching out to partners around the world. Global business education needs to be more integrated, more interdisciplinary and more open to meet the demands of the climate change challenge,” he said.

“The commitment to restricting CO2 emissions by the world’s largest carbon emitters is a major development in global climate politics. We could now see a more level playing field for companies across the globe to act together to reduce carbon levels. There is no other way to solve the climate change challenge but to work together with innovators and policy makers around the world,” said Van Ee.

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For more about Climate-KIC’s participation in the 6th European Innovation Summit at the European Parliament this week, click here.