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Two degrees of innovation: how to seize the opportunities in low-carbon power

This paper offers a strategic framework for policymakers seeking to capitalize on the low-carbon transition. The first section presents innovation as a key strategy to achieve economic development, energy, and environmental goals. The second section explains why the innovation process is unique in the low-carbon power sector and introduces the innovation ecosystem approach. The third section lays out a step-by-step process to identify and capitalize on the enormous potential and emerging opportunities in this sector.