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Environmental policies, product market regulation and innovation in renewable energy

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  • Lionel Nesta

    ()
    (Ofce sciences-po)

  • Francesco Vona

    ()
    (Observatoire Francais des Conjonctures Economiques)

  • Francesco Nicolli

    ()
    (University of Ferrara)

Abstract

We investigate the effectiveness of policies in favor of innovation in renew- able energy under di erent levels of competition. Using information regarding renewable energy policies, product market regulation and high-quality green patents for OECD countries since the late 1970s, we develop a pre-sample mean count-data econometric specification that also accounts for the endogeneity of policies. We nd that renewable energy policies are significantly more effective in fostering green innovation in countries with deregulated energy markets. We also nd that public support for renewable energy is crucial only in the genera- tion of high-quality green patents, whereas competition enhances the generation of green patents irrespective of their quality.

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Paper provided by Observatoire Francais des Conjonctures Economiques (OFCE) in its series Documents de Travail de l'OFCE with number 2012-25.

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Date of creation: Oct 2012
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Handle: RePEc:fce:doctra:1225

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Keywords: renwable energy technology; patents; environmental policies; product market regulation; policy complementarity;

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Cited by:
  1. Fabio Antoniou & Roland Strausz, 2014. "The Effectiveness of Taxation and Feed-in Tariffs," CESifo Working Paper Series 4788, CESifo Group Munich.
  2. Francesco Vona & Francesco Nicolli, 2013. "Energy market liberalisation and renewable energy policies in oecd countries," Documents de Travail de l'OFCE 2013-10, Observatoire Francais des Conjonctures Economiques (OFCE).
  3. Valentina Bosetti & Elena Verdolini, 2013. "Clean and Dirty International Technology Diffusion," Working Papers 2013.43, Fondazione Eni Enrico Mattei.
  4. Francesco Nicolli & Francesco Vona, 2014. "Heterogeneous policies, heterogenous technologies : the case of renewable energy," Sciences Po publications 2014-15, Sciences Po.
  5. Rexhäuser, Sascha & Löschel, Andreas, 2014. "Invention in energy technologies: Comparing energy efficiency and renewable energy inventions at the firm level," ZEW Discussion Papers 14-036, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.

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