Browsing: green innovation investments

• The economic benefits of green innovation primarily manifest through increased investment in the initial years.
• Research indicates that doubling green patent filings can elevate the gross domestic product by 1.7 percent after five years.
• The IMF advises against the use of government policies that restrict international trade to support domestic industries, cautioning against the act of protectionism.

The IMF states that the momentum of low-carbon innovation has now slowed, as promising technologies are not spreading rapidly enough to lower-income countries including in Africa where they can be particularly helpful.

This is in spite of the progress made in the recent past when green innovation reached its peak at 10 per cent of total patent filings in 2010.

“Since then, it has experienced a mild decline, reflecting various factors, including hydraulic fracking lowering the price of oil and technological maturity in some initial technologies such as renewables, which slows the pace …