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2024 | OriginalPaper | Chapter

Navigating the Green Path: The Role of Climate Incentives in Shaping Eco-innovation and Firm Policies

Authors : Phuong Le, Thao Ngoc Nguyen, Chau Le

Published in: Climate Governance and Corporate Eco-innovation

Publisher: Springer Nature Switzerland

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Abstract

This chapter overviews the dynamic connection between climate incentives and eco-innovation. It explores how financial and non-financial climate incentives affect the trajectory of eco-innovation within firms. By tracing the historical evolution of climate incentives, this research elucidates their transformative impact on firm policies. This chapter employs bibliometric analysis to shed light on various aspects of the current research landscape concerning climate incentives and eco-innovation. Despite the evident potential of climate incentives, their implementation faces significant challenges. This chapter critically examines these challenges, offering insights into the complexities of design, global coordination, and equity concerns. In addition, the research critiques the effectiveness and fairness of these incentives, fostering a holistic understanding of the subject. Further, this research underscores the promising future research directions for climate incentives and emphasizes their pivotal role in steering the next wave of eco-innovations.

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previous chapter Understanding the Antecedents and Consequences of Corporate Eco-innovation
next chapter Climate Governance Practices and the Evolutionary Trends in Corporate Eco-innovation
Appendix
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Footnotes
4
Tesla, Inc. (2009, June 23). Tesla gets loan approval from US Department of Energy. Retrieved from https://​www.​tesla.​com/​blog/​tesla-gets-loan-approval-us-department-energy.
 
5
Tesla, Inc. (n.d.). Electric vehicle & energy incentives. Retrieved from https://​www.​tesla.​com/​support/​incentives.
 
6
Harvard Business School. (n.d.). Tesla and the electric vehicle revolution. Retrieved from https://​d3.​harvard.​edu/​platform-rctom/​submission/​tesla-and-the-electric-vehicle-revolution/​.
 
7
Financial Time (2022, August 10). Vestas hails US clean energy subsidies as breakthrough. Retrieved from https://​www.​ft.​com/​content/​aafd2ffe-bd13-4979-9ff6-852da9ab99c1.
 
8
Vestas Wind Systems (n.d.). Sustainable strategy. Retrieved from https://​www.​vestas.​com/​en/​sustainability/​sustainability-strategy.
 
9
Financial Time (2023, August 10). Vestas: the wind turns for turbine manufacturer. Retrieved from https://​www.​ft.​com/​content/​9989f8a4-e8b0-44b1-9313-6cef1cab4c86.
 
11
See: “Sustainable Shopping—Which Bag Is Best?” Accessed on 15th October 2023 via: https://​education.​nationalgeograph​ic.​org/​resource/​sustainable-shoppingwhich-bag-best/​.
 
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Metadata
Title
Navigating the Green Path: The Role of Climate Incentives in Shaping Eco-innovation and Firm Policies
Authors
Phuong Le
Thao Ngoc Nguyen
Chau Le
Copyright Year
2024
Book
Climate Governance and Corporate Eco-innovation

Print ISBN: 978-3-031-56422-2

Electronic ISBN: 978-3-031-56423-9

Copyright Year: 2024

DOI
https://doi.org/10.1007/978-3-031-56423-9_2