What is Climate Innovation?
Climate innovation is the research, development and scaling up of new solutions to tackle climate change, create jobs and adapt to a low-carbon world. Climate innovation means investing in solutions that lead to significant and measurable reductions in pollution levels, and contributing to achieving net-zero emissions by 2050. Climate innovation for business is achieving 70-80% returns through improved models, new market opportunities, scaled technology and disruption. Sustainable innovation is a broader term to describe changes to an organisation, society or economy that delivers long-term social and environmental benefits.
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References:
Climate KIC: https://www.climate-kic.org/
Network for Business Sustainability: https://nbs.net/articles/what-is-sustainable-innovation-and-how-to-make-innovation-sustainable/