Patents are key to green energy development and distribution.
Robertson 19 [Stephen; CEO and Founder of Metis Partners, the leading global IP valuation firm with a 20-year track record of IP discovery and helping clients understand the value of IP assets; 8/21/2019; Metis Partners; “The Role of IP Rights in Green Technologies Innovation”; https://metispartners.com/thought-leadership/the-role-of-ip-rights-in-green-technologies-innovation/]//kaviWaRu
The Clean Energy Patent Growth Index reported an upwards trend in green patents applications globally since the early 2000’s, with the majority focusing on alternative and renewable energy sources, including wind, sun, geothermal, hybrid vehicles and biofuels. A clear example is related to the newly granted patent of French green chemistry company Carbios: a biotechnological process that enables PET plastic waste recycling.
IP protection enables green technology creation, adaptation and distribution. Non-renewable resources are finite, and climate change is a reality. It is necessary to adopt a change towards a more sustainable lifestyle based on green technologies, which is part of the development of new global environmental policies – stronger protection of IP rights is an integral part of this process.