Innovation will be an important driver of the transition towards green growth. Without innovation, it will be very difficult and very costly to achieve a transformation to a greener economy. By pushing the frontier outward, innovation can help to decouple growth from natural capital depletion. Innovation and the related process of creative destruction will also lead to new ideas, new entrepreneurs and new business models, thus contributing to the establishment of new markets and eventually to the creation of new jobs. Innovation is therefore the key in enabling green and growth to go hand in hand. This report draws on work on green innovation across several parts of the OECD.