Sustainability development, a driver for innovation: use case of R&D tax credit

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master_Dufresne_Tom_2021.pdf (6.55 MB)

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Perustieteiden korkeakoulu | Master's thesis
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Date

2021-08-24

Department

Major/Subject

Advanced Materials for Innovation and Sustainability

Mcode

SCI3083

Degree programme

Master’s Programme in Advanced Materials for Innovation and Sustainability

Language

en

Pages

53

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Abstract

Climate change has been a growing cause for concern in the past decades. Major events such as floods, storms or heat waves are increasingly frequent and ring the bell for profound changes in societies. For instance, it can be initiated within companies through rethinking production methods, economic strategies and overall investments. This thesis aims to propose solutions to improve companies’ investment in the research and development of green product innovation. Developing more eco-friendly products may be perceived by companies as a competitive risk and loss of benefits. Thus, reluctance to invest in greener innovations has to be overcome. In the end, the study highlighted the importance companies can have in the development of low-carbon products, therefore contributing to the challenges raised by climate change. The main drivers, success factors and outcomes for green product innovation (GPI) investments were identified in the case of France. Two main drivers were pointed out: government funding and policy instruments. Among policy instruments, the most important are “The French recovery plan”, “The Green taxonomy” and “The general tax on polluting activities (TGAP)”. Among government funding, R&D Tax Credit is presented as the most relevant to accelerate the research in green products. Then, in terms of outcomes it is understood that being green and competitive is possible as long as top management is aware of the opportunities provided by GPI development and make it a key component of the company’s innovation strategy. Finally, the study points out the complexity for companies to implement these innovation strategies. Thus, the support of experts in financial incentives, environmental regulations and policy instruments is of paramount importance to promote green product innovation and guide companies to invest towards more sustainable practices and thus, to contribute to fight against climate change.

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Supervisor

Halme, Janne

Thesis advisor

Tixier, Thomas

Keywords

sustainability, financial incentives, R&D Tax Credit, ereen product innovation, Environmental regulations

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https://urn.fi/URN:NBN:fi:aalto-202108298671

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[dipl] Perustieteiden korkeakoulu / SCI