A rise in uncertainty reduces green innovation by up to 1.5%, with stronger effects during recessions and periods of financial stress.
Climate policy actions, such as carbon taxes and green R&D subsidies, mitigate the negative effects of uncertainty.
The fall in green innovation after uncertainty shocks is not the same across sectors and depends on differences in the cost structure and maturity of the different technology domains.
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In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.