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Policy support for innovation to secure improvements in resource productivity

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  • Robert Gross, Tim Foxon

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 R&D; 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.

Suggested Citation

  • Robert Gross, Tim Foxon, 2003. "Policy support for innovation to secure improvements in resource productivity," International Journal of Environmental Technology and Management, Inderscience Enterprises Ltd, vol. 3(2), pages 118-130.
    • Handle: RePEc:ids:ijetma:v:3:y:2003:i:2:p:118-130
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    Citations

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    Cited by:

    1. Foxon, T. J. & Gross, R. & Chase, A. & Howes, J. & Arnall, A. & Anderson, D., 2005. "UK innovation systems for new and renewable energy technologies: drivers, barriers and systems failures," Energy Policy, Elsevier, vol. 33(16), pages 2123-2137, November.
    2. Xun Liu & Xiaoliang Yu & Simon Gao, 2019. "A quantitative study of financing efficiency of low‐carbon companies: A three‐stage data envelopment analysis," Business Strategy and the Environment, Wiley Blackwell, vol. 28(5), pages 858-871, July.
    3. Uyarra, Elvira & Shapira, Philip & Harding, Alan, 2016. "Low carbon innovation and enterprise growth in the UK: Challenges of a place-blind policy mix," Technological Forecasting and Social Change, Elsevier, vol. 103(C), pages 264-272.
    4. Annunziata, Eleonora & Frey, Marco & Rizzi, Francesco, 2013. "Towards nearly zero-energy buildings: The state-of-art of national regulations in Europe," Energy, Elsevier, vol. 57(C), pages 125-133.
    5. Zhang, Lei & Qin, Quande, 2018. "China’s new energy vehicle policies: Evolution, comparison and recommendation," Transportation Research Part A: Policy and Practice, Elsevier, vol. 110(C), pages 57-72.

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