Enhancing environmental sustainability: The impact of mission-oriented innovation policies on green innovation and patent trends

Abstract

This study explores the link between mission-oriented innovation policies (MOIPs) and green innovation by analysing green patent trends in Europe. The study quantifies MOIPs and its effect, filling a previously unexplored gap. This research offers an advancement in the methodology of assessing the impact of innovation policies, demonstrating the efficacy of machine learning in policy analysis. The findings reveal a significant connection between mission-oriented projects and increased green patent applications. It also indicates that state actors can stimulate innovation in certain areas in a targeted manner. This provides practical insights for policymakers and is instrumental in guiding future sustainable development efforts.