IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2015-03-30.html
   My bibliography  Save this article

Influencing Factors Promoting Technological Innovation in Renewable Energy

Author

Listed:
  • Nnaemeka Vincent Emodi

    (Department of Technology Management, Economics and Policy Program, College of Engineering, Seoul National University, Seoul, South Korea)

  • Ganzorig Shagdarsuren

    (Department of Technology Management, Economics and Policy Program, College of Engineering, Seoul National University, Seoul, South Korea)

  • Abdissa Yilma Tiky

    (Department of Technology Management, Economics and Policy Program, College of Engineering, Seoul National University, Seoul, South Korea)

Abstract

The issue of climate change, oil price fluctuation and the increasing environmental awareness have triggered the importance of effective energy management systems in a bid to reduce greenhouse gases. Renewable energy (RE) which is one of the effective method of effectively managing energy system has seen rapid development in recent times. Technological innovation in RE have not been generally successful due to some influencing factors in some countries. This study investigates these factors in order to identify the influencing factors promoting innovation in RE. Using patent application data for 12 Organization for Economic Co-operation and Development countries for the period of 1997-2011, we analysis the influence of government R and D, feed-in-tariff (FIT), electricity from renewables, per capita income, CO2 emission per capita and population on patenting activity in wind and solar energy using a panel data approach. The result showed that electricity from renewables and CO2 emission per capita significantly improves patenting activity. Per capita income showed a positive impact on patenting activity for wind energy but not solar energy. Population size was observed to reduce patent activity, while R and D expenditure and FIT did not significantly influence patent activity. We therefore recommend that investment into renewables for electricity generation should be encouraged as this will induce innovation in RE technology and reduce CO2 emission.

Suggested Citation

  • Nnaemeka Vincent Emodi & Ganzorig Shagdarsuren & Abdissa Yilma Tiky, 2015. "Influencing Factors Promoting Technological Innovation in Renewable Energy," International Journal of Energy Economics and Policy, Econjournals, vol. 5(3), pages 889-900.
    • Handle: RePEc:eco:journ2:2015-03-30
    as

    Download full text from publisher

    File URL: http://www.econjournals.com/index.php/ijeep/article/download/1302/792
    Download Restriction: no
    File URL: http://www.econjournals.com/index.php/ijeep/article/view/1302/792
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Bointner, Raphael, 2014. "Innovation in the energy sector: Lessons learnt from R&D expenditures and patents in selected IEA countries," Energy Policy, Elsevier, vol. 73(C), pages 733-747.
    2. Albrecht, Johan & Laleman, Ruben & Vulsteke, Elien, 2015. "Balancing demand-pull and supply-push measures to support renewable electricity in Europe," Renewable and Sustainable Energy Reviews, Elsevier, vol. 49(C), pages 267-277.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Muhammad Raza & Ali Saleh Alshebami & Amena Sibghatullah, 2020. "Factors Influencing Renewable Energy Technological Innovation in Malaysia," International Journal of Energy Economics and Policy, Econjournals, vol. 10(6), pages 573-579.
    2. Bahman Huseynli, 2023. "Research and Development Expenditures and Renewable Energy: An Empirical Analysis in Türkiye," International Journal of Energy Economics and Policy, Econjournals, vol. 13(6), pages 179-184, November.
    3. Guillaume Bourgeois & Sandrine Mathy & Philippe Menanteau, 2017. "The effect of climate policies on renewable energies : a review of econometric studies [L’effet des politiques climatiques sur les énergies renouvelables : une revue des études économétriques]," Post-Print hal-01585906, HAL.
    4. Chen, Jinyu & Luo, Qian & Tu, Yan & Ren, Xiaohang & Naderi, Niki, 2023. "Renewable energy transition and metal consumption: Dynamic evolution analysis based on transnational data," Resources Policy, Elsevier, vol. 85(PB).
    5. Geraldine Ang & Dirk Röttgers & Pralhad Burli, 2017. "The empirics of enabling investment and innovation in renewable energy," OECD Environment Working Papers 123, OECD Publishing.
    6. Kristoffer Palage & Robert Lundmark & Patrik Söderholm, 2019. "The innovation effects of renewable energy policies and their interaction: the case of solar photovoltaics," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 21(2), pages 217-254, April.
    7. kos Hamburger & G bor Harangoz, 2018. "Factors Affecting the Evolution of Renewable Electricity Generating Capacities: A Panel Data Analysis of European Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 8(5), pages 161-172.
    8. Palage, Kristoffer & Lundmark, Robert & Söderholm, Patrik, 2019. "The impact of pilot and demonstration plants on innovation: The case of advanced biofuel patenting in the European Union," International Journal of Production Economics, Elsevier, vol. 210(C), pages 42-55.
    9. Cao, Dongqin & Peng, Can & Yang, Guanglei, 2022. "The pressure of political promotion and renewable energy technological innovation: A spatial econometric analysis from China," Technological Forecasting and Social Change, Elsevier, vol. 183(C).
    10. Iman Miremadi & Yadollah Saboohi, 2018. "Planning for Investment in Energy Innovation: Developing an Analytical Tool to Explore the Impact of Knowledge Flow," International Journal of Energy Economics and Policy, Econjournals, vol. 8(2), pages 7-19.
    11. He, Zhengxia & Cao, Changshuai & Kuai, Leyi & Zhou, Yanqing & Wang, Jianming, 2022. "Impact of policies on wind power innovation at different income levels: Regional differences in China based on dynamic panel estimation," Technology in Society, Elsevier, vol. 71(C).
    12. Zheng-Xia He & Shi-Chun Xu & Qin-Bin Li & Bin Zhao, 2018. "Factors That Influence Renewable Energy Technological Innovation in China: A Dynamic Panel Approach," Sustainability, MDPI, vol. 10(1), pages 1-30, January.
    13. Lindman, Åsa & Söderholm, Patrik, 2016. "Wind energy and green economy in Europe: Measuring policy-induced innovation using patent data," Applied Energy, Elsevier, vol. 179(C), pages 1351-1359.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Clement Bonnet, 2020. "Measuring Knowledge with Patent Data: an Application to Low Carbon Energy Technologies," Working Papers hal-02971680, HAL.
    2. Clément Bonnet, 2016. "Measuring Knowledge with Patent Data: an Application to Low Carbon Energy Technologies," EconomiX Working Papers 2016-37, University of Paris Nanterre, EconomiX.
    3. Clément Bonnet, 2017. "Measuring Inventive Performance with Patent Data: an Application to Low Carbon Energy Technologies," Working Papers 1709, Chaire Economie du climat.
    4. Inglesi-Lotz, Roula, 2017. "Social rate of return to R&D on various energy technologies: Where should we invest more? A study of G7 countries," Energy Policy, Elsevier, vol. 101(C), pages 521-525.
    5. Newbery, David, 2018. "Policies for decarbonizing a liberalized power sector," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 12, pages 1-24.
    6. Grafström, Jonas & Poudineh, Rahmat, 2023. "No evidence of counteracting policy effects on European solar power invention and diffusion," Energy Policy, Elsevier, vol. 172(C).
    7. Bongsuk Sung & Myung-Bae Yeom & Hong-Gi Kim, 2017. "Eco-Efficiency of Government Policy and Exports in the Bioenergy Technology Market," Sustainability, MDPI, vol. 9(9), pages 1-18, September.
    8. Patricia Laurens & Christian Le Bas & Stéphane Lhuillery & Antoine Schoen, 2017. "The determinants of cleaner energy innovations of the world’s largest firms: the impact of firm learning and knowledge capital," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 26(4), pages 311-333, May.
    9. Lee, Jungwoo & Yang, Jae-Suk, 2019. "Global energy transitions and political systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 115(C).
    10. Muhammad Salman Shabbir & Mohd Noor Mohd Shariff & Muzaffar Asad & Rabia Salman & Israr Ahmad, 2018. "Time-frequency Relationship between Innovation and Energy Demand in Pakistan: Evidence from Wavelet Coherence Analysis," International Journal of Energy Economics and Policy, Econjournals, vol. 8(5), pages 251-258.
    11. Nuñez-Jimenez, Alejandro & Knoeri, Christof & Hoppmann, Joern & Hoffmann, Volker H., 2022. "Beyond innovation and deployment: Modeling the impact of technology-push and demand-pull policies in Germany's solar policy mix," Research Policy, Elsevier, vol. 51(10).
    12. Clement Bonnet & Samuel Carcanague & Emmanuel Hache & Gondia Seck & Marine Simoën, 2019. "Vers une Géopolitique de l'énergie plus complexe ? Une analyse prospective tridimensionnelle de la transition énergétique," Working Papers hal-02971706, HAL.
    13. Wu, Geng & Inderbitzin, Alessandro & Bening, Catharina, 2015. "Total cost of ownership of electric vehicles compared to conventional vehicles: A probabilistic analysis and projection across market segments," Energy Policy, Elsevier, vol. 80(C), pages 196-214.
    14. Filip Fidanoski & Kiril Simeonovski & Violeta Cvetkoska, 2021. "Energy Efficiency in OECD Countries: A DEA Approach," Energies, MDPI, vol. 14(4), pages 1-21, February.
    15. Li, Yingbo & Wei, Yigang & Li, Yan & Lei, Zhen & Ceriani, Alessandra, 2022. "Connecting emerging industry and regional innovation system: Linkages, effect and paradigm in China," Technovation, Elsevier, vol. 111(C).
    16. Newbery, David M., 2016. "Towards a green energy economy? The EU Energy Union’s transition to a low-carbon zero subsidy electricity system – Lessons from the UK’s Electricity Market Reform," Applied Energy, Elsevier, vol. 179(C), pages 1321-1330.
    17. Lin, Boqiang & Chen, Yufang, 2019. "Does electricity price matter for innovation in renewable energy technologies in China?," Energy Economics, Elsevier, vol. 78(C), pages 259-266.
    18. Julián D. Gómez, 2018. "¿Qué determina la adopción de tecnologías para la generación de energías renovables entre países?," Documentos CEDE 17132, Universidad de los Andes, Facultad de Economía, CEDE.
    19. Zhou, Chaobo & Qi, Shaozhou, 2022. "Has the pilot carbon trading policy improved China's green total factor energy efficiency?," Energy Economics, Elsevier, vol. 114(C).
    20. Juan Francisco De Negri & Simon Pezzutto & Sonia Gantioler & David Moser & Wolfram Sparber, 2020. "A Comprehensive Analysis of Public and Private Funding for Photovoltaics Research and Development in the European Union, Norway, and Turkey," Energies, MDPI, vol. 13(11), pages 1-23, May.

    More about this item

    Keywords

    Renewable Energy Patent; Patenting Activity; CO2 Emission; Organization for Economic Co-operation and Development Countries; Feed-in-Tariff; R and D Expenditure;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ2:2015-03-30. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.