finance

These are exciting times. Every month brings new innovations in solar efficiency, wind, chemical battery storage, smart grids, microgrids, building efficiency, and building electrification—many of which were described in CRES chapter programs. Each of these innovations will play an important role in mitigating climate change risk. However, technological innovation alone is not sufficient to transition us from a fossil fuel-based economy to a renewable and sustainable economy. If these new energy sources are to mature and replace fossil fuels, we also need to create market conditions that will support them in their new role in our economy.