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Innovation Quotes

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Innovation Quotes

“There can be no solution to the challenge of climate change that is not global. But if we can come together in partnership, we can transform today's challenge into tomorrow's opportunity - an opportunity for green growth and sustainable prosperity... we also need a strong bottom-up push from academics and opinion-shapers such as you. Universities such as yours are founts of ideas and innovation. They are furnaces of innovation and entrepreneurship. So, send forth this word.”

“If we look at Germany's infrastructure policy, it has been driven by its mission-oriented focus on green infrastructure. This affects both innovation and infrastructure, old industries and new. The German steel industry, for example, has adapted to the policy by lowering its material content through a 'repurpose, reuse and recycle' strategy.”

“We have this highly irrational system of incentivizing innovation for clean and green technologies, where we allow the innovator to have a temporary monopoly and then mark up the price of the product or sell licenses at high prices to those who want to use the kind of product that the innovator has invented. This system is collectively irrational because many people, to avoid the inflated prices of still-patented cleaner and greener technologies, opt for some older technology that is much more polluting.”

“It is irrational to charge high prices for socially valuable innovations as this guarantees that they will be underutilized. It is much better to sell them at cost and then to reward the innovator in some other way. This is not always possible, because in some cases the value of an innovation is in the eye of the beholder; it's very difficult to value how much a new Madonna song is worth, for example. But in the case of medicines, green technologies and seeds in agriculture, such an alternative reward mechanism is fairly straightforward.”

“To be young and aware is to know you’re being lied to; to know that a bright green future is possible; to know that we can reimagine the world, rebuild our cities, redesign our lives, retool our factories, distribute innovation and creativity and all live in a world that is not only better than the alternative, but much better than the world we have now.”