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Set 2% target for public R&D spending to beat climate crisis, government is urged

Expanding democratic ownership Fighting for a new systemic vision

In an article by Jon Stone, a Community-Wealth.org report is highlighted. “Ministers are being urged by policy experts to set a target to spend 2 per cent of the UK’s GDP on public R&D investment over the next 10 years, a huge increase aimed to fill gaps left by the private sector.

The researchers at the think tank Common Wealth also urge deep reforms to intellectual property law – which it is argued have become outdated and no longer incentivise innovation.”

The article continues, “the report argues that any intellectual property – like patents on new innovations – developed from publicly funded research and development should be put into the commons and available for all to use, to maximise its benefit.” 

Read the full article at The Independent

Publication date: 2020-09-19
Publisher: The Independent
Publication URL: Set 2% target for public R&D spending to beat climate crisis, government is urged

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