Environmental policies drive green technology innovation, shaping a sustainable future.
The study looked at how environmental policies in China affect the development of environmentally-friendly technology. By analyzing data on environmental patents from 2001 to 2009, the researchers found that these policies do indeed encourage green technology innovation. They also discovered that existing knowledge plays a significant role in driving environmental innovation. The study suggests that creating effective long-term mechanisms can help sustain the growth of green technology innovation over time.