OECD Green Growth Studies

ISSN :
2222-9523 (online)
ISSN :
2222-9515 (print)
DOI :
10.1787/22229523
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The OECD Green Growth Strategy aims to provide concrete recommendations and measurement tools, including indicators, to support countries’ efforts to achieve economic growth and development, while ensuring that natural assets continue to provide the resources and environmental services on which well-being relies. The strategy proposes a flexible policy framework that can be tailored to different country circumstances and stages of development.

Also available in: French
 
Fostering Innovation for Green Growth

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Authors:
OECD
Publication Date :
12 Sep 2011
Pages :
128
ISBN :
9789264119925 (PDF) ; 9789264119918 (print)
DOI :
10.1787/9789264119925-en

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Innovation is key to green growth. It helps decouple growth from natural capital depletion and contributes to economic growth and job creation. Business is the driver of innovation, but governments need to provide clear and stable market signals, e.g. through carbon pricing. This book explores policy actions for the deployment of new technologies and innovations as they emerge: investment in research and development, support for commercialisation, strengthening markets and fostering technology diffusion. Competition will be essential to bring out the best solutions.

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  • Foreword
    This report addresses the role of innovation in green growth strategies, and is a contribution to the OECD Green Growth Strategy. The OECD Council Meeting at Ministerial Level (MCM) adopted a Declaration on Green Growth on 25 June 2009, which invited the OECD to develop a Green Growth Strategy. Green growth means fostering economic growth and development while ensuring that natural assets continue to provide the resources and environmental services on which our well-being relies. The OECD Green Growth Strategy was released at the May 2011 OECD Council Meeting at Ministerial Level (MCM), where it was welcomed by Ministers.
  • Executive summary
    Green growth means fostering economic growth and development while ensuring that natural assets continue to provide the resources and environmental services on which our well-being relies. Increasing concern about the future sustainability of economic growth patterns underpin the demand for a greener model of growth. Existing production technology and consumer behaviour can only be expected to produce positive outcomes up to a point; a frontier, beyond which depleting natural capital has negative consequences for overall growth. By pushing the frontier outward, innovation can help to decouple growth from natural capital depletion. Innovation and the related process of creative destruction will also lead to new ideas, new entrepreneurs and new business models, thus contributing to the establishment of new markets and eventually to the creation of new jobs. Innovation is therefore the key in enabling green and growth to go hand in hand.
  • Innovation in green growth strategies
    This chapter examines the role of innovation in green growth strategies. It first explores why innovation is important for green growth, what types of innovation are important and how green innovation could affect growth performance. It then examines the rationale for policies to strengthen green innovation and the specific barriers that influence the rate of green innovation. And finally, it examines the current state of green innovation, by examining available indicators on green innovation, including indicators on patenting, venture capital and financing, as well as available information on non-technological innovation and the development of green business models.
  • Factors and policies determining green innovation
    This chapter examines in detail the main factors and policies that influence green innovation. This includes the broader framework for innovation, which was explored in the detail in the OECD Innovation Strategy, as well as factors and policies that can shift the direction of innovation towards greener products, services and processes. Such policies include measures on the supply-side such as investment in research and development, government support for the development and introduction of green technologies, as well as policies to foster information and communications technology, biotechnology and nanotechnology. Demand-side policies, such as policies to diffuse innovations more widely, strengthen the markets for green innovation, e.g. through public procurement, as well as consumer policies are also explored in the chapter. A final section discusses how governments can foster a whole-of-government approach to green innovation.
  • Fostering innovation for green growth – policy considerations
    This chapter explores some broader policy considerations relevant to green innovation policies, This includes how to establish an appropriate mix of policies for green innovation, the timing and efficiency of green innovation policies, as well as some considerations on how countries can derive benefits from green innovation at the local and national level.
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