This paper examines the development of the solar PV and wind industries across China, Germany, India, Japan, and the United States from 2001–2011.

This paper argues that the renewable energy sector is significant and growing quickly, and that seizing the benefits and opportunities in this trend for economic development will require developing strategies that harness innovation to compete.

This paper argues that the renewable energy sector is significant and growing quickly, and that seizing the benefits and opportunities in this trend for economic development will require developing strategies that harness innovation to compete.

This paper offers a strategic framework for policymakers seeking to capitalize on the low-carbon transition. The first section presents innovation as a key strategy to achieve economic development, energy, and environmental goals.