New strong intellectual property growth for green innovations

Reflecting on World Intellectual Property Day on Sunday 26 April, Innovation Minister Senator Kim Carr, also pointed to an increase in patent applications as further evidence that industry is adapting to, and finding new ways to combat, the challenges of climate change.

"Patent registrations for solar and clean coal technology applications from Australian
and overseas innovators have risen by 15 per cent and 50 per cent respectively over
the past five years," Senator Carr said.

"Combined with the huge jump in green trade marks in the energy sector, these figures
clearly show that innovators are tackling climate change head-on.

"Innovators clearly recognise the importance of being green if they are to succeed in
today’s marketplace.

"This year's World IP Day focused on green innovation and reminds us that innovation
and new technologies will play a crucial role in meeting the climate change challenge.

"Registered IP rights, including patents, trade marks, designs and plant breeder’s rights
are central to the innovation that drives economic growth.

"They offer exclusive rights for new ideas and create incentives for continued
investment in green technologies.

"The IP system allows Australia to benefit from investment in green technologies by
protecting that investment, and licensing the technology to other countries."

In Australia, World IP Day activities are coordinated through IP Australia, the
Government agency responsible for administering patents, trade marks, designs and
plant breeders’ rights.

For more information about World IP Day visit IP Australia at www.ipaustralia.gov.au