Assessing Business Performance in Climate Innovation Clusters
Research shows that cleantech businesses in climate innovation hot spots outperform non-cleantech businesses across several indicators.
The returns on research and development are significantly higher for cleantech businesses than for non-cleantech businesses. However, cleantech businesses exhibit much higher levels of long-term debt compared to non-cleantech businesses, which makes them more vulnerable to macroeconomic shocks.
Understanding how well businesses perform in climate innovation clusters can determine how policymakers should support businesses that focus on climate innovation. This report will outline policies that can help cleantech businesses to plan and succeed with more certainty.