Innovation for a low carbon future – The envisaged role of The Technology Innovation Agency David Phaho Technology Innovation Agency.

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Presentation transcript:

Innovation for a low carbon future – The envisaged role of The Technology Innovation Agency David Phaho Technology Innovation Agency

Presentation Outline Introduction to the Technology Innovation Agency (TIA) Innovation & Going Green: Challenges Constituents of a Green Economy Strategy TIA Strategic Thrusts For a Green Economy Q & A

Technology Innovation Agency The TIA Act [No 26 of 2008]: section 3 “The object of the Agency is to support the State in: stimulating and intensifying technological innovation in order to improve economic growth and the quality of life of all South Africans by supporting the development and exploitation of technological innovations

Innovation & Going Green: Challenges  Government has other pressing, competing Priorities namely job creation & poverty reduction  In terms of Innovation, current energy efficient technologies are still expensive for most countries  Very few countries prioritize “Environmentally benign” Technologies Few will meet their Greenhouse Gas Emission Targets

Touchstones of a Comprehensive National Green Economy Strategy

 Diversify renewable Energy options (biofuels, Solar, Wind, Nuclear e.t.c.)  Innovation (lightweight materials; environmentally friendly technologies)  Green Jobs in emerging areas such as Light Materials, Biotechnology, Nanotechnology and new Building Technologies  Fuel Efficient Transportation Systems (e.g. battery powered cars)  “Weaning ourselves from fossil fuels specifically, oil & coal

TIA Strategic Thrusts for a Green Economy

 Strategic Innovation Investments to reduce carbon footprint & GHG emissions in Manufacturing:  Advanced, Light Materials Research  Energy Efficient Transportation Systems  Cleaner Production Technologies Research  Biofuels through Biotechnology/Agro-processing

Exemplary Case Study (South Africa’s first Electric car)

What if We do not Innovate for A Green Economy? …... Some food for thought

Climate Change The Economic Impact “ Any increase of 2 - 3°C rise in temperature could reduce global economic output by 3% or by 10% if temperature rise by 5°C ~ $600 bn/year” Sir Nicholas Stern report on Economic Consequence of Global Warming October 2006

….… but the good News Global Clean Energy Initiatives are yielding significant Economic benefits e.g.  Current Clean Energy Markets were estimated at ~ $160 bn by 2005  5 th Largest Venture Capital Category after Biotechnology, IT Software, Medical & Telecoms Lofthouse, R The Green Klondike. European Business, pp 28 – 30, January 2007

THANK YOU