China Releases Plan To Improve Green Technology Innovation System
The plan aims to strengthen companies’ leadership in innovation, improve the market mechanism for green technology transformation and application.
China has released a plan for further improving the market-oriented green technology innovation system in order to boost innovation vitality.
The plan, jointly released by the National Development and Reform Commission and the Ministry of Science and Technology, aims to strengthen companies’ leadership in innovation, improve the market mechanism for green technology transformation and application, and create an environment in which all types of innovators can thrive amid enhanced and more efficient cooperation among enterprises, universities, and research institutes.
According to the plan, China’s market-oriented green tech innovation system will be improved further by 2025, resulting in greater support from green tech innovation for the country’s green and low-carbon development.
A number of fundamental, novel, and disruptive green tech innovations will be realised, while the green tech trade will be standardised further.
The plan also emphasises the optimization of methods for evaluating green technology, the strengthening of fiscal and financial support, intellectual property protection, and expanded international cooperation for the development of green technology.
China has made significant efforts in recent years to promote the development and adoption of green technology and to transition to a more sustainable and low-carbon economy. The release of an implementation plan to further improve the innovation system is an important step in this process.
Such a plan may include measures to encourage innovation and entrepreneurship, enhance research and development funding, and improve the commercialization of green technology. It may also include policies to support the adoption of green technology by businesses and consumers, such as incentives, subsidies, and regulations.
By implementing such a plan, China can help to unleash the innovation vitality of its businesses, researchers, and entrepreneurs, and contribute to the global effort to address climate change and environmental challenges.
The green technology innovation system refers to the set of policies, institutions, and practices that support the development and adoption of green technology.