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The Importance of Regulation-Induced Innovation for Sustainable Development
- Source :
- MDPI Publishing, Sustainability; Volume 3; Issue 1; Pages: 270-292, Sustainability, Vol 3, Iss 1, Pp 270-292 (2011)
- Publication Year :
- 2010
- Publisher :
- MDPI AG, 2010.
-
Abstract
- This article explores the complex relationship between environmental regulation, innovation, and sustainable development within the context of an increasingly globalizing economy. The economic development, environment, and employment aspects of sustainable development are emphasized. We contend that the most crucial problem in achieving sustainability is lock-in or path dependency due to (1) the failure to envision, design, and implement policies that achieve co-optimization, or the mutually reinforcing, of social goals, and (2) entrenched economic and political interests that gain from the present system and advancement of its current trends. The article argues that industrial policy, environmental law and policy, and trade initiatives must be ‘opened up’ by expanding the practice of multi-purpose policy design, and that these policies must be integrated as well. Sustainable development requires stimulating revolutionary technological innovation through environmental, health, safety, economic, and labor market regulation. Greater support for these changes must also be reinforced by ‘opening up the participatory and political space’ to enable new voices to contribute to integrated thinking and solutions.
- Subjects :
- system changes
Geography, Planning and Development
TJ807-830
Context (language use)
Management, Monitoring, Policy and Law
TD194-195
Industrial policy
Renewable energy sources
Politics
jel:Q
Economics
health and safety
GE1-350
lock-in
Integrative thinking
Sustainable development
sustainable development
Environmental effects of industries and plants
Renewable Energy, Sustainability and the Environment
Induced innovation
co-optimization
economic development
employment
environment
innovation
path dependency
policy integration
regulation
sustainability
trade
jel:Q0
jel:Q2
jel:Q3
jel:Q5
Environmental sciences
Environmental law
jel:O13
Sustainability
jel:Q56
Economic system
Subjects
Details
- Language :
- English
- Database :
- OpenAIRE
- Journal :
- MDPI Publishing, Sustainability; Volume 3; Issue 1; Pages: 270-292, Sustainability, Vol 3, Iss 1, Pp 270-292 (2011)
- Accession number :
- edsair.doi.dedup.....30600f9978fbf023f3fc61d90db211ea