“Poor levels of investment have been twinned with sluggish green innovation in the UK in recent years. Between 2012 and 2016, for example, Germany filed 3.5 times as many patents in environmentally-related technologies than the UK, while China – historically lax on intellectual property – filed more than twice as many. Unless the UK significantly ramps up innovation there is a serious risk that new net zero technologies will be dominated by our competitors.
We are at a critical chapter in the decarbonisation story. The net zero transition will rely on a wide array of new technologies, many of which – such as carbon removal technologies and hydrogen – are still in their nascent form and are not yet ready for full-scale commercialisation.”
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