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Policy Instruments for Eco-Innovation in Asian Countries

Author

Listed:
  • Eun Kyung Jang

    (EcoServices Consulting Co., Ltd., 3rd FL, 125 Ogeum-ro, Songpa-gu, Seoul 138-050, Korea)

  • Mi Sun Park

    (Program in Global Environmental Management, Seoul National University, Gwanakro 1, Gwanakgu, Seoul 151-921, Korea)

  • Tae Woo Roh

    (Department of International Trade and Commerce, Soonchunhyang University, 22 Soonchunhyangro, Shinchang-myeon, Asan-si, Chungcheongnam-do 336-745, Korea)

  • Ki Joo Han

    (EcoServices Consulting Co., Ltd., 3rd FL, 125 Ogeum-ro, Songpa-gu, Seoul 138-050, Korea)

Abstract

Eco-innovation globally emerged as an effort to implement sustainable development. States and firms established and implemented policies and strategies for eco-innovation as one route to achieving sustainable development. Eco-innovation has been facilitated in developed countries, specifically OECD members and European countries, through action plans. Recently, eco-innovation policies have emerged in developing countries. Thus, this study analyzes eco-innovation policies in Asian countries. Policies related to eco-innovation in 17 Asian countries were investigated using policy instrument categories. National policies for eco-innovation were interpreted and compared with development stage classifications. The results indicate that there are similar and different policy approaches to eco-innovation in Asian countries. Given the balance between a technology push (supply side) and a market pull (demand side) in policy instruments for eco-innovation, 17 countries were identified by four categories: leaders, followers, loungers, and laggards. The results provide insight for designing national strategies for eco-innovation in Asia’s developing countries. Therefore, this research contributes to facilitating and diffusing eco-innovation toward sustainability in Asia.

Suggested Citation

  • Eun Kyung Jang & Mi Sun Park & Tae Woo Roh & Ki Joo Han, 2015. "Policy Instruments for Eco-Innovation in Asian Countries," Sustainability, MDPI, vol. 7(9), pages 1-29, September.
    • Handle: RePEc:gam:jsusta:v:7:y:2015:i:9:p:12586-12614:d:55629
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    References listed on IDEAS

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    5. Inha Oh & Yeongjun Yeo & Jeong-Dong Lee, 2015. "Efficiency versus Equality: Comparing Design Options for Indirect Emissions Accounting in the Korean Emissions Trading Scheme," Sustainability, MDPI, vol. 7(11), pages 1-21, November.
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    7. Park, Mi Sun & Youn, Yeo-Chang, 2017. "Reforestation policy integration by the multiple sectors toward forest transition in the Republic of Korea," Forest Policy and Economics, Elsevier, vol. 76(C), pages 45-55.
    8. Loučanová Erika & Olšiaková Miriam, 2019. "Supporting Ecological Innovation as a Factor for Economic Development," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 29(3), pages 80-91, September.
    9. Abrar ul haq, Muhammad, 2018. "A Role of Corporate Governance and Firm’s Environmental Performance: A Moderating Role of Institutional Regulations," MPRA Paper 100047, University Library of Munich, Germany, revised 2018.
    10. Chulseung Lee & Jaechan Park & Kangmun Lee & Ji Yeon Yang & Taewoo Roh, 2019. "Energy Efficiency for Supplier and Sustainability for Demand: A Case of Heating Systems in South Korea," Sustainability, MDPI, vol. 11(15), pages 1-21, August.
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