Innovations and the Environment

Description

Companies wishing to become less environmentally polluting without incurring high (or increasing) costs must embrace new innovations. There are various technologies which enable organisations to achieve large reductions in their emissions by employing resource saving, using new resources or following pollution controls. The costs of the available technologies decrease with use as adaptations are made based on practical experience. This rate of cost reduction is rapid for most industrial sectors. Environmental policies provide a further incentive for innovation, as the environmental demands of authorities can have short lead-time in preparation and fast and strict enforcement, or involve negotiations between stakeholders if the harmed interests use legal instruments to ensure that their demands can be enforced. Companies which undertake environmental innovations and adaptations can reduce their emissions down to levels that do not preclude sustainable environmental qualities, without increasing their costs and in many cases even enjoying cost savings.



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