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PRODID:https://www.diw.de/de/diw_01.c.806339.de/veranstaltungen.html
METHOD:PUBLISH
CALSCALE:GREGORIAN
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UID:diw_01.c.945839.en
LOCATION:Karl Popper Room,DIW Berlin,2.3.020,Anton-Wilhelm-Amo-Strasse 58,10117 Berlin
SUMMARY:Inventors‘ Personal Experience of Natural Disasters and Green Innovation
DESCRIPTION:12:00 to 1:00 // We show that inventors' personal experiences of natural disasters lead to increased green innovation through changes in their higher-order beliefs about consumer preferences. We match patent records of French and German inventors and a survey of inventive firms to detailed information on natural disasters. This allows us to exploit exogenous variation in inventors’ exposure to natural disasters. In affected areas, exposure results in an average 8.2% increase in green patents, driven primarily by increased innovation in mitigation technologies that reduce emissions. Non-green innovation remains unaffected. We do not find significant spatial spillovers in patenting, underlining the importance of being personally affected. To get at the mechanism, we investigate how natural disaster exposure changes firms' reasons for green innovation. Affected firms adjust their higher-order beliefs regarding consumers’ demand for green goods and more stringent environmental regulation. Our findings provide novel causal evidence that personal experiences affect higher-order beliefs.
DTSTART:20250416T100000Z
DTEND:20250416T110000Z
DTSTAMP:20250413T220000Z
URL:https://www.diw.de/en/diw_01.c.945839.en/events/inventors____personal_experience_of_natural_disasters_and_green_innovation.html
ORGANIZER;CN=Lars Felder:mailto:lfelder@diw.de
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