Increasing Energy and Resource Efficiency through Innovation: An Explorative Analysis Using Innovation Survey Data
AbstractEnergy and resource efficiency innovations (EREIs) are often seen as win-win opportunities for both the economic and the environmental performance of firms. It is thus worth asking how the innovation activities and performance of firms with regard to energy and resource efficiency look like: Do EREI firms follow distinct innovation strategies? Do EREIs spur or limit innovation success? And what are the particular features of EREI firms compared to conventional innovators? Using German innovation data, the authors find that EREIs are determined by a larger set of technology-push and market-pull factors. On the supply side, R&D budgets, research infrastructure and networking with other firms are important factors of influence, while on the demand side increased productivity and cost reductions are decisive, as well as improved product quality. On the other hand, EREIs are complex activities which also need regulatory incentives. Although EREIs are not more successful compared to conventional innovations, they contribute substantially to the economic success of firms.
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Bibliographic InfoArticle provided by Charles University Prague, Faculty of Social Sciences in its journal Finance a uver - Czech Journal of Economics and Finance.
Volume (Year): 59 (2009)
Issue (Month): 5 (December)
resource efficiency; energy efficiency; environmental innovations; innovation surveys;
Other versions of this item:
- Rennings, Klaus & Rammer, Christian, 2009. "Increasing energy and resource efficiency through innovation: an explorative analysis using innovation survey data," ZEW Discussion Papers 09-056, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
- Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
- Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
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- Rennings, Klaus & Rammer, Christian, 2010.
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ZEW Discussion Papers
10-065, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
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