Yes / The UK faces the joint economic policy challenges of raising productivity and tackling climate
change. This report challenges prevailing narrow market-based views of productivity, by
examining the £4bn UK early stage Cleantech innovation finance market. We find that Cleantech
innovation is frequently capital intensive and long horizon (5-10+ years), measured by shorterterm technology readiness level (TRL) and intellectual property (IP) progression. Longer-term
sustainable productivity impacts remain little understood and, where applied, narrowly relate to
customer adoption. This leads to Cleantech environmental impact investor logics that primarily
relate to end user financial value (customer sales). There is little consideration for non-market
values from, for example, circular economy (CE) and wider environmental spillover impacts (e.g.
supply chains). Whilst few Cleantechs currently successfully commercialise, a small proportion
exhibit high employment and sales growth and global environmental impact. Improved
understanding of the broader environmental impacts of Cleantechs, through the adoption of
environmental impact metrics (EIMs) can (i) add to a more holistic notion of productivity and (ii)
improve the efficiency of the finance escalator, enabling more Cleantechs to contribute
significantly to establishing the UK as a globally leading low carbon economy. / ESRC
| Identifer | oai:union.ndltd.org:BRADFORD/oai:bradscholars.brad.ac.uk:10454/18271 |
| Date | 11 December 2020 |
| Creators | Owen, R., Harrer, T., Lodh, S., Pates, R., Mair, Simon |
| Publisher | Productivity Insights Network |
| Source Sets | Bradford Scholars |
| Language | English |
| Detected Language | English |
| Type | Report, Published version |
| Rights | (c) 2020 PIN. Full-text reproduced with publisher permission. ESRC funded Productivity Insights Network (PIN) |
| Relation | https://productivityinsightsnetwork.co.uk/app/uploads/2020/10/PIN-DRAFT-FINAL-Report-30-09-2020-RO-TH-1.pdf |
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