THE GREENING OF TECHNOLOGY AND MODELS OF INNOVATION

The study suggests that the question of whether the world economy can move to a new and sustainable pattern of growth remains open. It is bo th a question of methods of regulation, economic incentives, and other institutional changes and a question of technological innovations. Al though more attention has been paid to incentives and institutions, th e potential offered by continuous technological change has been rather neglected. This emerges as a central issue in the ''limits to growth' ' debate and its resulting world models. The study argues that, to rea lize large technoeconomic system transitions, society needs to develop a new model of innovation, combining some features of the much critic ized linear model with features of the systemic innovation model.