World IP Day celebrates green innovation
Intellectual property protection in the energy sector has risen 250 percent in the past five years, reports Minister for Innovation Kim Carr on this year’s theme for World IP Day, green innovation.
The jump in green trade marks and patents reveals that industry is adapting to, and finding new ways to combat, the challenges of climate change, noted Carr.
“Patent registrations for solar and clean coal technology applications from Australian and overseas innovators have risen by 15 percent and 50 percent respectively over the past five years,” he said. “Combined with the huge jump in green trade marks in the energy sector, these figures clearly show that innovators are tackling climate change head-on.”
He added that innovation and new technologies will play a crucial role in meeting the climate change challenge, and that IP protection would drive the economy: “The IP system allows Australia to benefit from investment in green technologies by protecting that investment, and licensing the technology to other countries.”
World IP Day was on April 26.
For more information on protecting intellectual property, visit IP Australia at www.ipaustralia.gov.au