Why innovation is the best path to a climate solution
The UN Climate Summit in Lima achieved little, just like the previous meetings for more than 20 years. As the saying goes, “insanity is doing the same thing over and over again and expecting a different result.”
For the past 20 years, the traditional climate approach has been clear and single-minded: we must subsidize the deployment of renewable sources of energy, such as wind turbines and solar cells to reduce our CO2 emissions – the so-called reduction pathway. Yet, today, after endless climate summits and good intentions, the world gets just 0.4 per cent of its energy from solar and wind power. CO2 emissions continue to rise.