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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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International policy trends and practices

Green entrepreneurship is quickly rising up policy agendas across OECD countries, building on the momentum created by the recent COP26 meeting and the opportunities created for green policies through COVID-19 recovery packages. Governments in OECD countries tend to promote and support green entrepreneurship through two main channels, namely direct support packages for entrepreneurs as well as policies and measures that create demand for green products and services. This chapter presents a brief overview of these different potential policy actions and describes how they are implemented in OECD countries.

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