News & Insights

Patents play a complex role in green technology innovation. They undeniably stimulate innovation, potentially leading to more compelling technologies, price reductions, and increased accessibility. However, there are concerns that patents can create cost barriers and monopolies, hindering the widespread adoption of green technologies, especially in developing countries. Initiatives like patent licensing pools and technology transfer schemes aim to balance these concerns and increase access to these innovations. Some patent offices and organizations provide incentives to support green technology development and adoption, encouraging R&D investments, collaborations, and funding.

The World Intellectual Property Organization (WIPO) published a report earlier this week on global intellectual property (IP) activity in 2020. There are some very interesting findings in this report, that provide an insight on global economic activity and trends, as summarized below.