Environmentally friendly innovation in Tourism: A toolbox of policies to promote green transition

Resumo

Tourism is one of the central activities promoting economic growth, nevertheless, it is listed as a causer of environmental deterioration. Climate change is the major challenge of the present, albeit it is an opportunity to engineer a new economic model. As resource depletion generates negative spillovers, nudging is required to make green transition a reality. OECD countries developed national strategies to support eco-innovation, designing a policy strategy to foster the green transition (OECD, 2011). Governments can support eco-innovation directly, either by public funding, or indirectly, providing a favorable ecosystem (Callofi et al., 2022). Until the present, innovation policies were centered in novelty, but green policy packages must also consider both market structure and potential negative externalities stemming from innovation (Karmaker, 2021). This study aims to investigate the relations between environmental policy instruments and environment-related innovation with a holistic theoretical framework