Innovation in the burgeoning clean energy sector is being bogged down by policy and economic uncertainty. The vast majority of the globe has pledged to transition from the fossil fuels that are exacerbating climate change to renewables like wind, solar, hydroelectricity, and geothermal over the next several decades. While extremely massive in scope, the energy transition can be achieved with policy support coupled with massive public and private sector cooperation.
However, this transition is being threatened by growing global uncertainty. In an industry where new projects require significant startup costs, investors will only invest if they are sure to make a decent return on investment (ROI). Economic and political uncertainty makes the ROI of green energy projects wildly…
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