Multinationals and renewable energy: boosting innovation through foreign direct investments

Multi-technology corporations making green foreign direct investments, such as in renewable energy, increase the capacity for innovation in their own headquarters, as well as in their subsidiaries. Access to environmentally friendly knowledge pools in the global economy gives them an advantage over non-globalised companies in sustainability-oriented innovation. Based on these findings, Vito Amendolagine, Rasmus Lema, and Roberta Rabellotti argue that deglobalisation may be detrimental to corporate innovation activities that contribute to the green transformation worldwide.