Journal of Business Thought

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Developed and developing countries are increasingly being threatened by global imbalance, food crisis, water scarcity, energy crisis, and global warming. Given the present scenario, there is an increasing need for building innovation and entrepreneurial ecosystems in new technology and product areas. Three 'drivers of change' need to be harnessed to overcome market, policy and institutional barriers to low carbon growth - raising resource efficiency; increasing investment in infrastructure; and stimulating innovation in technologies, business models and social practices. The key factor in innovation ecosystem for low carbon development is government policy to incentivize new product and technology development.

Keywords

Green Growth, Carbon Civilization, Innovation Ecosystem.
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