The UK envisions achieving its goal of net zero greenhouse gas emissions by 2050, and it estimates that 50% of the required carbon reductions will come from technologies that have not yet been invented.
The UKIPO Green Technology Report 2024, published on February 26, 2024, offers some optimism. The annual report provides insight into the growth of green technology in the UK and the growth of all technology sectors by tracking trends in intellectual property data, including patents and trademarks, between 2001 and 2020.
The report revealed that in the UK, the number of patent applications related to green technology has grown faster than the growth rate of general patents. From 2001 to 2020, patent applications involving carbon emissions have increased by nearly 400%, far exceeding the growth of patent applications in the field of brown technology, that is, technology related to fossil fuels.
The report provides statistics on patent applications that have been filed using the UK Intellectual Property Office's "green channel" approach to speed up examination and processing, with data for green technologies at a high level compared to other technology areas. The report also delves into technology areas related to the government's ten-point plan and shows the UK's strong influence in areas such as "green buildings", "new advanced nuclear power" and "offshore wind power". The report compares the development trends in these technology areas with the United Nations' sustainable development goals and shows how patents play a role in achieving these goals.
At the same time, the report details the significant increase in the number of "green" trademarks since 2015, with a large number of trademark registration applications related to energy conservation and power storage.
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