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If you're in the market for a new gadget, there's a good chance the government is going to be able to help.
That's according to a new blog post from Cleantech Group, which argues that governments should step in to support alternative energy technologies.
"Since market dynamics in the cleantech space often favor incumbent technologies over less-polluting alternatives, public support is needed to help those new, disruptive technologies reach mass adoption," the post says.
"The most successful cleantech ecosystems are targeting support to the areas where it will have greatest impact, ensuring resources are used in the most effective way."
Examples of such support include early-stage grants and research funding, which "allow emerging innovators to engage in technically uncertain but potentially breakthrough product development that would be too risky for private sector investors," the blog post says.
"Advanced market commitments from governments can mitigate market risk for emerging technologies by showing there is a willingness to pay for novel cleantech solutions, while providing a revenue stream to innovators to reduce their dependence on external financing."
Read the full post here. Read the Entire Article
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