Green Technology and Patents: in the European Context

University essay from Lunds universitet/Juridiska institutionen; Lunds universitet/Juridiska fakulteten

Abstract: Green technologies are essential to the development of sustainable economy and environmental protection. Stimulating innovation in green technologies requires environmental policies, regulations, public awareness, and more importantly intellectual property protection such as patents. This thesis explores the significance of patents in the green innovation process, and how patents affect the firms’ incentives and strategies. In addition, the possibility to establish a European accelerated examination on green patent applications is discussed. Few empirical experience from non-EU countries are referred to support the analysis. At the end, three conclusions are drawn: First, fast-gained patents are likely to generate more advantages than disadvantages for European innovators. Second, compared to larger companies, SMEs benefit more from the fast-tracking programs. Third, in order to speed up the pace of green transformation for innovators, accelerating green patent application is the most effective option among all others, such as slow-down patent procedure on polluting technologies.

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