Threads / Net Zero Strategy / We were told that the Innovation Delivery Board is starting…
Committee Material Published 15 Nov 2023 ↗ View on Parliament

We were told that the Innovation Delivery Board is starting to collate risk assessments for individual net zero innovation projects.53 DESNZ told us that there is an “honesty” about when an innovation project does not work compared with other government projects, because it is about seeing what does and does not work across a portfolio of projects. It agreed with our view that a ‘failure’ when trying a range of innovative projects is not a failure if it is identified early. DESNZ noted that f...

We were told that the Innovation Delivery Board is starting to collate risk assessments for individual net zero innovation projects.53 DESNZ told us that there is an “honesty” about when an innovation project does not work compared with other government projects, because it is about seeing what does and does not work across a portfolio of projects. It agreed with our view that a ‘failure’ when trying a range of innovative projects is not a failure if it is identified early. DESNZ noted that finding out that something does not work can itself be a “successful outcome”.54 Making progress visible to the public Type: conclusion | Number: 19 | Response status: accepted Government response: 6.1 The government agrees with the Committee’s recommendation. Target implementation date: Spring 2024 6.2 The Net Zero Innovation Board, through its Innovation Delivery sub-group, will consider risk appetite and tolerance for programmes in the current net zero R&I portfolio as set out in the Delive