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Is technological innovation a driver of renewable energy?

Author

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  • Khan, Khalid
  • Su, Chi Wei
  • Rehman, Ashfaq U.
  • Ullah, Rahman

Abstract

This study unveils the causality between technology innovations and renewable energy in Germany. The discussion about technology innovations and renewable energy is beneficial because the country is most innovative and pursuing ambitious energy transition goals. The results of complete sample causality show that technology innovations significantly impact renewable energy. The rolling window method accounts for structural changes when examining the causal connection between technology innovations and renewable energy. The findings show that technology innovation drives renewable energy positively and negatively across multiple sub-samples. Similarly, renewable energy has a considerable effect on technology innovations in sub-samples, implying that advancement in renewable energy translates into increased spending on technology innovation. The future cornerstones of energy supply comprise fluctuating sources caused by weather which must be balanced out.

Suggested Citation

  • Khan, Khalid & Su, Chi Wei & Rehman, Ashfaq U. & Ullah, Rahman, 2022. "Is technological innovation a driver of renewable energy?," Technology in Society, Elsevier, vol. 70(C).
    • Handle: RePEc:eee:teinso:v:70:y:2022:i:c:s0160791x22001853
    DOI: 10.1016/j.techsoc.2022.102044
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    Cited by:

    1. Li, Weilong & Han, Mengyao, 2023. "Mapping renewable energy transition worldwide: Gravity trajectory, contribution decomposition and income levels," Renewable Energy, Elsevier, vol. 206(C), pages 1265-1274.
    2. Xueying Meng & Tianqing Li & Mahmood Ahmad & Guitao Qiao & Yang Bai, 2022. "Capital Formation, Green Innovation, Renewable Energy Consumption and Environmental Quality: Do Environmental Regulations Matter?," IJERPH, MDPI, vol. 19(20), pages 1-14, October.
    3. Maiti, Moinak, 2022. "Does improvement in green growth influence the development of environmental related technology?," Innovation and Green Development, Elsevier, vol. 1(2).
    4. Khan, Khalid & Su, Chi Wei & Khurshid, Adnan & Qin, Meng, 2023. "Does energy security improve renewable energy? A geopolitical perspective," Energy, Elsevier, vol. 282(C).
    5. Xiaofeng Xu & Xiangyu Chen & Yi Xu & Tao Wang & Yifan Zhang, 2022. "Improving the Innovative Performance of Renewable Energy Enterprises in China: Effects of Subsidy Policy and Intellectual Property Legislation," Sustainability, MDPI, vol. 14(13), pages 1-24, July.
    6. Lin, Boqiang & Xie, Yongjing, 2023. "The impact of government subsidies on capacity utilization in the Chinese renewable energy industry: Does technological innovation matter?," Applied Energy, Elsevier, vol. 352(C).
    7. Lan Khanh Chu, 2023. "Environmentally related technologies and environmental regulations in promoting renewable energy: evidence from OECD countries," Journal of Environmental Studies and Sciences, Springer;Association of Environmental Studies and Sciences, vol. 13(1), pages 177-197, March.
    8. Antonio Thomas & Rosalia Castellano & Gennaro Punzo & Giuseppe Scandurra, 2024. "The Energy Transition in SMEs: The Italian Experience," Energies, MDPI, vol. 17(5), pages 1-16, February.
    9. Haitao Hou & Wei Lu & Bing Liu & Zeina Hassanein & Hamid Mahmood & Samia Khalid, 2023. "Exploring the Role of Fossil Fuels and Renewable Energy in Determining Environmental Sustainability: Evidence from OECD Countries," Sustainability, MDPI, vol. 15(3), pages 1-13, January.
    10. Lee, Chien-Chiang & Qin, Shuai & Li, Yaya, 2022. "Does industrial robot application promote green technology innovation in the manufacturing industry?," Technological Forecasting and Social Change, Elsevier, vol. 183(C).
    11. Su, Chi Wei & Liu, Fangying & Stefea, Petru & Umar, Muhammad, 2023. "Does technology innovation help to achieve carbon neutrality?," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 1-14.
    12. Yu, Bolin & Fang, Debin & Xiao, Kun & Pan, Yuling, 2023. "Drivers of renewable energy penetration and its role in power sector's deep decarbonization towards carbon peak," Renewable and Sustainable Energy Reviews, Elsevier, vol. 178(C).
    13. Shiyue Su & Md. Qamruzzaman & Salma Karim, 2023. "Charting a Sustainable Future: The Impact of Economic Policy, Environmental Taxation, Innovation, and Natural Resources on Clean Energy Consumption," Sustainability, MDPI, vol. 15(18), pages 1-34, September.

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    More about this item

    Keywords

    Renewable energy; Technology innovation; Circular economy; Carbon emission;
    All these keywords.

    JEL classification:

    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling

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