Greenovate for a better environment and economy

Dr. Kamiar Mohaddes, Zeina Hasna and Henry-James Hatton are co-authors of a report on the impact of innovation in green-related activities to the broader economy.

In the report, published by KPMG International, they draw on patent data from 92 patent-application authorities (24 million observations) and the last three decades for 43 OECD and BRICS countries (roughly 24 million observations) and find that green patent filings, if sustained, will lead to a significant increase in real GDP growth.