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Policies to Support Green Entrepreneurship

Building a Hub for Green Entrepreneurship in Denmark

image of Policies to Support Green Entrepreneurship

Combatting climate change is among the most critical issues on the global policy agenda. The transition towards a greener economy will require a pivot towards more sustainable production processes and consumption patterns. Entrepreneurs have the potential to be a major driving force behind this effort through their capacity to develop and propagate innovative green solutions. To unlock this potential, it is crucial for policy makers to implement appropriate policies and measures that enable green entrepreneurs to thrive. This report identifies lessons from international policy practices in stimulating and supporting green entrepreneurship from three case study countries – Canada, Germany and Israel – to inform Denmark about effective policy practices and pitfalls to avoid as it implements initiatives to strengthen its green transition. Recommendations are offered across a number of areas such as promoting greater co-ordination between relevant policy actors, strengthening specialised support for green entrepreneurs and building green markets.

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The importance of green entrepreneurship

The Danish Council on Climate Change estimated that only one-third of Denmark’s targeted reductions in greenhouse gas emissions by 2030 can be achieved through existing policy measures. This means that technological innovation is critical if Denmark is to achieve its climate objectives. Green entrepreneurs can have a key role to play both in developing these innovations and in bringing them to market. This chapter provides an introduction to the need for and drivers of green entrepreneurship. It also develops the definition of green entrepreneurship that is adopted throughout this report.

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