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Do climate policies affect green patenting patterns?

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  • Bettarelli, Luca
  • Furceri, Davide
  • Pizzuto, Pietro
  • Shakoor, Nadia

Abstract

This paper investigates the effect of Climate Change Policies (CCPs) on green innovation, for a sample of 40 advanced and emerging market economies, and five economic sectors, during the period 2000–2021. Our results suggest that CCPs positively affect the production of green patents, with the effect intensifying gradually over time. The effect is larger for non-market-based and technology support policies—such as emission limits, feed-in tariffs and R&D subsidies—in countries with greater competitiveness and during periods of stronger economic activity—that is, higher GDP growth, lower uncertainty and financial stress. The results based on a difference-in-differences approach suggest that the positive effect of stricter CCPs on green innovation is stronger in sectors with limited financial constraints.

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  • Bettarelli, Luca & Furceri, Davide & Pizzuto, Pietro & Shakoor, Nadia, 2025. "Do climate policies affect green patenting patterns?," Energy Economics, Elsevier, vol. 150(C).
    • Handle: RePEc:eee:eneeco:v:150:y:2025:i:c:s0140988325006619
    DOI: 10.1016/j.eneco.2025.108834
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    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • E0 - Macroeconomics and Monetary Economics - - General

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