Because we do not yet know which innovations will be the most important in decarbonizing the economy, investment must be allocated to a wide array of choices. Long-term, patient finance must also be available to help companies minimize uncertainty and bridge the so-called “Valley of Death” between basic research and commercialization.
和信息技术革命一样，清洁能源的进步需要公共和私人部门的参与。我们尚不清楚那些创新对于经济去碳化最为重要，因此必须在相当广泛的一系列选择之间配置投资。长期耐心融资对于帮助公司实现不确定性最小化、弥合基础研究和商业化之间的所谓“死亡谷”也是必不可少的。