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

2. 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

3. 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

5. 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

6. Touchstones of a Comprehensive National Green Economy Strategy

7.  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

8. TIA Strategic Thrusts for a Green Economy

9.  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

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

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

12. 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

13. ….… 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. 2007. The Green Klondike. European Business, pp 28 – 30, January 2007

14. THANK YOU