<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>Rapid deployment and developments in green innovations are crucial for achieving climate neutrality. While market-based policy instruments are the backbone of climate policy, governmental support for research and development (R&amp;D) complements an efficient policy mix that supports green innovations at all stages of the innovation process. Nonetheless, international R&amp;D support has declined over the last decade. In an international comparison, Japan is at the forefront of green R&amp;D support. Germany is also a leader in R&amp;D support, but its market-based environmental policy stringency remains low, which undermines the importance of an adequate climate policy mix.</p>
</abstract>

Rapid deployment and developments in green innovations are crucial for achieving climate neutrality. While market-based policy instruments are the backbone of climate policy, governmental support for research and development (R&D) complements an efficient policy mix that supports green innovations at all stages of the innovation process. Nonetheless, international R&D support has declined over the last decade. In an international comparison, Japan is at the forefront of green R&D support. Germany is also a leader in R&D support, but its market-based environmental policy stringency remains low, which undermines the importance of an adequate climate policy mix.

Innovation Policy for the Transformation to Climate Neutrality

Wirtschaftsdienst

This work is licensed under the Creative Commons Attribution 4.0 International License.

Innovationspolitik für die Transformation zur Klimaneutralität

Rapid deployment and developments in green innovations are crucial for achieving climate neutrality. While market-based policy instruments are the backbone of...

Innovation Policy for the Transformation to Climate Neutrality

Published Online: May 21, 2024

Page range: 301 - 305

DOI: https://doi.org/10.2478/wd-2024-0083

© 2024 Sonja Peterson et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.