Business schools teach that it’s better to be an early follower than an innovator in new technologies because the innovators bear all the risks, says Ross Garnaut, an advocate for Australia to become a clean energy superpower exporting green products made using wind and solar power.
But when the earliest projects employing new technologies are successful, others rush in.
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Ben Potter writes on energy, climate change and innovation, and has been Washington correspondent, opinion editor and companies editor. Connect with Ben on Twitter. Email Ben at bpotter@afr.com
