Policy strategies to promote eco-innovation

Abstract

The previous chapter analyzed the different drivers of and barriers to eco-innovation. In this chapter the aim is to identify those policy features and measures that can be implemented in order to help remove those barriers (or encourage the drivers) and enhance the uptake of eco-innovations. In order to do so, we have taken into account the theoretical and empirical literature on environmentally sound techno-institutional change, as well as certain policies currently implemented in the EU, the US and elsewhere.1 After justifying in section 4.2 why eco-innovation should be promoted publicly, section 4.3 outlines the policy approach to promote eco-innovations. Section 4.4 is devoted to the pinpointing of specific measures, whereas the following sections (4.5 and 4.6, respectively) discuss the most appropriate measures for tackling specific barriers to eco-innovation and how different types of eco-innovations are more likely to be promoted with different instruments. The chapter closes with some concluding remarks.