Balancing Innovation And Conservation: Intellectual Property And Enviornment Sustainability

Ritika Priyadarshini, Manav Rachna University

ABSTRACT

The purpose of this study is to find out relationship between intellectual property (IP) and environmental sustainability, especially in light of international attempts to realize the Sustainable Development Goals (SDGs). This study examines the relationship between intellectual property rights (IP) and environmental law, emphasizing how these two areas are crucial for preserving biodiversity, developing green technology, and lessening the effects of climate change. IP protections change the field of environmental law by encouraging innovation in environmentally beneficial technology, and environmental regulations have an impact on IP laws by directing innovation toward more sustainable and clean solutions. Open innovation platforms and initiatives like WIPO Green encourage cooperation and knowledge sharing, which in turn stimulates the creation and spread of creative solutions that solve environmental issues and boost economic growth. The study also looks at the function of patents, trademarks, and copyrights in encouraging environmental sustainability, highlighting their significance in providing incentives for green technology research and development. Lastly, it highlights programs like the Eco-Patent Commons and GreenXchange to illustrate how open innovation and intellectual property sharing may promote environmental advancement. The paper promotes a sustainable future where economic prosperity and environmental stewardship coexist through an integrated approach that incorporates regulatory frameworks, technological innovation, and cooperative efforts.

Keywords: Intellectual Property, Environmental Sustainability, Open Innovation, Copyrights, Patents, Trademarks, Green Technologies