Innovation for green growth is the new mantra for advanced economies
From Australia to the United States, governments are pouring billions of dollars, euros and yen into eco-innovation programmes. The US has earmarked US$59 billion for green technologies as part of its stimulus packages; Australia has dedicated A$5.7 billion, while Canada has set aside C$2.8 billion for that purpose. Governments are also providing other incentives ranging from support for R&D activities to new regulations and standards on transport, buildings and manufacturing. The aim is to become greener while staying competitive, and to reach that delicate balance the OECD is working towards a Green Growth Strategy for its 30+ members.
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