In the next wave of bold innovation initiatives, the government needs to narrow its priorities, focus on getting results, and place good implementation at the strategy’s centre.
Governments need to do more to support lasting affordability for housing, food, and energy.
Governments should resist the siren song of being too hands-on in the direction of specific sectors or technologies, and focus instead on addressing the market failures that are obstacles for low-emissions investment.
Without changing the approach to financing, businesses and workers will face significant increases in premiums and the government will have little prospect of covering costs with revenues for decades to come.