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    Promoting Environmental Innovation with Intellectual Property Innovation: A New Basis for Patent Rewards

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    Genre
    Journal article
    Date
    2005
    Author
    Mandel, Gregory N.
    Subject
    Intellectual property law
    Climate change
    Economics law
    Environmental law
    Permanent link to this record
    http://hdl.handle.net/20.500.12613/6365
    
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    DOI
    http://dx.doi.org/10.34944/dspace/6347
    Abstract
    Despite numerous and diverse efforts, environmental law generally fails to promote technological innovation with environmental benefits. Such innovation could have myriad human health and environmental benefits, while simultaneously reducing the cost of environmental protection for industry and society. This Article explores whether intellectual property law can step in where environmental law has failed to efficiently provide greater incentives for environmental innovation. A patent rewards system for environmental innovation holds substantial promise. Because environmental innovation often produces significant positive externalities by reducing environmental harms for many individuals beyond the implementing firm, inventors do not face efficient incentives for environmental innovation - a market failure that patent rewards can ameliorate. Along these lines, the analysis reveals a previously unrecognized benefit of patent rewards in certain circumstances.
    Citation
    Gregory N. Mandel, Promoting Environmental Innovation with Intellectual Property Innovation: A New Basis for Patent Rewards, 24 Temp. Envt’l L. & Tech. J. 51 (2005).
    Citation to related work
    Temple University. James E. Beasley School of Law
    Has part
    Temple Journal of Science, Technology & Environmental Law, Vol. 24, No. 1 (Spring 2005)
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