11 Nov 2024
Enhancing Data Collection on Government and Private Sector Spending for Clean Energy Research and Innovation
Background
Accurate, reliable, and timely information on public and private sector spending for energy research, development and demonstration (RD&D) is crucial for decision makers to identify opportunities and gaps under Mission Innovation (MI), and to efficiently mobilise investments in clean energy technologies/ solutions. The International Energy Agency (IEA) and the European Commission-Joint Research Centre (EC JRC) in collaboration with the MI Secretariat will host a side event to present the benefits of tracking energy RD&D spending through enhanced data collection. Taking stock of experiences and best practices, this expert workshop aims to make recommendations for the collection and understanding of data on public and private spending on energy RD&D. The objective is to help MI countries and other stakeholders develop and refine appropriate methodologies and indicators that can improve our collective knowledge of the trends in public and private funding for clean energy technology innovation at national and global levels, and enable the identification of funding gaps.