Intellectual Property Rights for Sustainability
What do sheep have to do with intellectual property rights for sustainability? In this episode, we explore the ‘tragedy of the commons’, which often justifies the introduction of property rights to support conservation and reduced environmental impact. However, when it comes to ‘innovations of the mind’, do property rights help or hinder the transition towards more sustainable economies? We sit down with IIIEE researchers Nancy Bocken and Roberto Hernandez to discuss the sustainability implications of closed, semi-open, and open intellectual property models. A fully closed model prevents the diffusion of sustainable solutions while a fully open model disincentivises innovation. So, what can be done to encourage innovation as well as advance sustainable solutions? Find out in our new episode on intellectual property rights for sustainability!