What is it about?
This essay proposes competitive green impact rewards as complementary incentives for promoting the development, dissemination, and effective use of green technologies in the lower-income countries. Such rewards would be paid from pools of pre-announced size to be distributed among registered innovations in proportion to the real environmental and health benefits deriving from their actual use in the included countries. By registering an innovation for impact rewards, the innovator waives patent markups in the included countries.
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Why is it important?
Green technologies are unterutilized in the global South because they are not competitive with older dirtier technologies. This underutilization produces large excess emissions, which will rise exponentially throughout the rest of this century (as the South continues to industrialize).
Perspectives
This is the beginning of a research program that is intended to culminate in the creation of a permanent flow or reward payments that incentivize the development, dissemination, and effective use of green technologies among the world's lower-income populations. Envisioned intermediate goals are the formulation of a compelling and realistic pilot blueprint followed by the 2-year implementation of this pilot.
Thomas Pogge
Yale University
Read the Original
This page is a summary of: An Ecological Impact Fund, Green and Low-Carbon Economy, January 2023, BON VIEW PUBLISHING PTE,
DOI: 10.47852/bonviewglce3202583.
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