A striking fair balance of IP protection and renewable energy investment: the case study of patents
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Abstract
This paper scrutinises the impact of conventional energy consumption and the use of patents to protect environmental degradation and stimulate energy investment in the context of European and Thai laws. The study revealed a linkage between patent right protection and the environment. Patents could be utilised to support international mechanisms, for instance, UNFCCC, Kyoto Protocol and Paris agreement. From the research, the patent rights protection is crucial to attracting investor to develop eco-friendly innovation. The ongoing stream of innovations is anticipated by energy investors to reduce costs and improve the performance of energy production by using the patent pool and eco-patent common. Although Thailand is trying to incentivise investment to follow international standards, patent protection in Thailand still has some drawbacks, which need to be reconsidered.
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