ITEM METADATA RECORD
Title: Which policy instruments to induce clean innovating?
Other Titles: MSI_1216
Authors: Veugelers, Reinhilde
Issue Date: Sep-2012
Publisher: KU Leuven - Faculty of Economics and Business
Series Title: FEB Research Report MSI_1216 vol:MSI_1216
Abstract: In view of the sizeable climate change challenge, we need a clean innovation machine operating at full speed. Beyond the supply of public clean R&D infrastructure and clean public purchases, the development and adoption of new clean technologies by the private sector needs to be assured to reduce Green House Gas (GHG) emissions. The private clean innovation machine, left on its own, is not up to
this challenge. It needs government intervention to address the combination of environmental and knowledge externalities and overcome path dependencies. A technology policy for climate change requires a combination of technology supply side instruments next to demand-inducing instruments. The firm level evidence presented in this contribution on the motives of private sector firms for introducing clean innovations from the latest Flemish CIS eco-innovation survey confirms that firms are responsive to
eco-policy demand interventions. The high importance of demand pull from customers and voluntary codes of conduct or voluntary sector agreements as drivers for introducing clean innovations, is a reminder of the internal strength of the private innovation machine, which governments need to leverage. Policy interventions are more powerful to induce the adoption and development of new clean technologies when designed in policy mix and time consistently, affecting future expectations.
Publication status: published
KU Leuven publication type: IR
Appears in Collections:Department of Managerial Economics, Strategy and Innovation (MSI) @ Leuven

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