Set 2% target for public R&D spending to beat climate crisis, government is urged
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at the think tank Common Wealth also urge deep reforms to intellectual property law – which it is argued have become outdated and no longer incentivise innovation.”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.”