A significant agreement between the United States and China to jointly address global warming by increasing renewable energy, such as wind and solar power, to replace fossil fuels. Both countries aim to triple global renewable energy capacity by 2030, focusing on reducing coal, oil, and gas generation. The agreement does not include a promise by China to phase out coal, which has been a point of contention, but it marks a notable step toward cooperation on climate change. The innovation aspect in this agreement lies in the commitment to accelerate the substitution for traditional energy sources through technological advancements in renewable energy. As the two largest climate polluters collaborate, innovation in clean energy technologies becomes crucial to achieving the ambitious goals outlined in the agreement. https://lnkd.in/eqnH-JT2 #RenewableEnergy #Energy #IP #VC #Patents #DeepTech #innovation
