Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/251952 
Year of Publication: 
2022
Series/Report no.: 
ZEW Discussion Papers No. 22-008
Publisher: 
ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung, Mannheim
Abstract: 
Eco-innovations are crucial for the mitigation of climate change effects. It is therefore important to know if the existing climate change regulations and carbon pricing are appropriate and sufficient to trigger such innovations. Besides government measures, the demand for carbon neutral products or the impacts of climate change such as extreme weather conditions leading to higher costs for the affected firms may also promote eco-innovation activities. For the first time, the new wave of the Community Innovation Survey 2020 in Germany allows an analysis of the effects of climate change policy and costs, demand for climate friendly goods and extreme weather conditions on (eco-)innovation. The results of probit and treatment effect models show that innovative firms seem to be significantly more affected by climate change measures and consequences compared to other firms. All climate change indicators are positively correlated to eco-innovations. Interestingly, other innovation activities also profit from the extent to which a firm is affected by climate change albeit the marginal effects are lower compared to eco-innovations. Demand for climate neutral products is significantly important for all eco-product-innovations.
Subjects: 
Climate change
eco-innovation
Community Innovation Survey
probit regression
treatment effect models
JEL: 
C25
C21
O31
Q54
Q55
Document Type: 
Working Paper

Files in This Item:
File
Size
327.12 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.