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Policy support for innovation to secure improvements in resource productivity

Authors :
Robert Gross
Timothy J. Foxon
Source :
International Journal of Environmental Technology and Management. 3:118
Publication Year :
2003
Publisher :
Inderscience Publishers, 2003.

Abstract

This paper presents the case for direct policy support for environmental innovation, aimed at improving resource productivity, as a complement to standard regulatory or market-based instruments of environmental policy. This case is that investments in environmental innovation create options, reduce uncertainties and give rise to positive externalities, i.e. wider benefits to society and future generations, thus reducing the long-term costs of tackling environmental problems. It is argued that these policy instruments can be classified according to: how they support basic RD help to develop markets for innovative new products or processes; or provide financial incentives for the development or deployment of cleaner technologies. The paper argues that more widespread adoption of such policy instruments is needed, together with systematic analysis and assessment of their effectiveness in stimulating environmental innovation in different industries and at different stages of the innovation cycle.

Details

ISSN :
1741511X and 14662132
Volume :
3
Database :
OpenAIRE
Journal :
International Journal of Environmental Technology and Management
Accession number :
edsair.doi...........ed7ae579a46eb60d8782bc36317b20a7
Full Text :
https://doi.org/10.1504/ijetm.2003.003399