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The Role of Firms in Energy Transformation

Author

Listed:
  • Perrot, Rhadika

    (UNU-MERIT.)

Abstract

This paper looks at the role of firms in the transformation of fossil fuel based energy systems towards cleaner and greener energy systems. Firms are playing an important role in determining the speed and direction of technical change towards such energy systems. But systemic constraints and negative externalities tend to make such transformations constraint and difficult. To be able to understand how firms overcome these systemic constraints and bring about positive externalities it would be important to observe the strategic role played by firms. Firms are removing technological and economic constraints by engaging in strategic alliances with other firms and research organizations. Both small and large firms have positioned themselves strategically in the green energy market either through basic innovations or through innovations brought about by joint technological partnerships.

Suggested Citation

  • Perrot, Rhadika, 2009. "The Role of Firms in Energy Transformation," MERIT Working Papers 2009-003, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    • Handle: RePEc:unm:unumer:2009003
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    File URL: https://www.merit.unu.edu/publications/wppdf/2009/wp2009-003.pdf
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    More about this item

    Keywords

    Firm Strategy; Sustainable Energy; Renewable Energy; System Transition;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • O39 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Other

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