Skip to main content
PRINT EDITION

Fast-Tracks and Prizes: A Multi-Pronged Approach to Incentivizing Green Technology Innovation

Abstract: Faced with the ever-worsening climate crisis, many nations—including the United States—have increasingly recognized the urgent need for rapid advancements in green, clean, and sustainable technologies. Patents play a fundamental role in incentivizing technological innovation, but the traditional patent process is too slow to match the urgency of the climate crisis. At the same time, the marketplace significantly undervalues green technology patents because they confer benefits to third parties not involved in the transaction (referred to as “positive externalities”). To address the urgency issue, patent “fast-track” programs have been implemented to speed up the patent application review process. To mitigate the positive externality issue, scholars have suggested patent prize systems may compensate for market failure. This Comment analyzes the green technology fast-track programs in the United States and proposes a method of combining the patent system with an “inventor’s choice” prize system to leverage the advantages of both systems to drive green technology innovation.

Download the Full Article

Other Articles from WLR Print Edition

June 1, 2024 in PRINT EDITION

Disparately Disabled: Advocating for All Federal Courts of Appeals to Make Disparate Impact Claims Cognizable Under Federal Disability Rights Law

Abstract: People with disabilities have the same rights and deserve to enjoy the same privileges as everyone else. However, people with disabilities face societal inequities that hinder their full participation…
Read More
June 1, 2024 in PRINT EDITION

Internet Drug Prohibition and the Opioid Overdose Crisis

Abstract: The Ryan Haight Online Pharmacy Consumer Protection Act (Ryan Haight Act) prohibits controlled substance tele-prescribing when it occurs without a preliminary in-person medical evaluation. This Article details the Ryan…
Read More
June 1, 2024 in PRINT EDITION

Radical Visions for the Law of Peace: How W.E.B. Du Bois and the Black Antiwar Movement Reimagined Civil Rights and the Laws of War and Peace

Abstract: This Article reconstructs the history of Black antiwar activism in the twentieth-century United States and argues that Black antiwar activists played a significant but largely forgotten role in the…
Read More