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Promoting clean energy technology entrepreneurship: The role of external context

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  • Malen, Joel
  • Marcus, Alfred A.

Abstract

This study examines how political, social and economic factors influence clean energy technology entrepreneurship (CETE). Government policies supporting clean energy technology development and the development of markets for clean energy create opportunities for CETE. However, the extent to which such opportunities lead to the emergence of new clean energy businesses depends on a favorable external context promoting CETE. This study employs a novel dataset combining indicators of the policy and social context of CETE with information on clean energy technology startup firms in the USA to provide empirical evidence that technological and market conditions supporting clean energy induce more extensive CETE under contexts where local attention to clean energy issues and successful firms commercializing clean energy technologies are more prominent. By establishing that CETE is contingent upon a supportive local environment as well as technology and market opportunities, the study holds relevance for policy makers and clean energy technology firms.

Suggested Citation

  • Malen, Joel & Marcus, Alfred A., 2017. "Promoting clean energy technology entrepreneurship: The role of external context," Energy Policy, Elsevier, vol. 102(C), pages 7-15.
    • Handle: RePEc:eee:enepol:v:102:y:2017:i:c:p:7-15
    DOI: 10.1016/j.enpol.2016.11.045
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    4. Mabroor Hassan & Manzoor K Afridi & Muhammad I Khan, 2018. "An overview of alternative and renewable energy governance, barriers, and opportunities in Pakistan," Energy & Environment, , vol. 29(2), pages 184-203, March.
    5. Saeed Mujahid & Shujaat Mubarik & Navaz Naghavi, 2019. "Prioritizing dimensions of entrepreneurial ecosystem: a proposed framework," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 9(1), pages 1-21, December.
    6. Iwona Bąk & Małgorzata Tarczyńska-Łuniewska & Anna Barwińska-Małajowicz & Paweł Hydzik & Dariusz Kusz, 2022. "Is Energy Use in the EU Countries Moving toward Sustainable Development?," Energies, MDPI, vol. 15(16), pages 1-26, August.
    7. Cojoianu, Theodor F. & Clark, Gordon L. & Hoepner, Andreas G.F. & Veneri, Paolo & Wójcik, Dariusz, 2020. "Entrepreneurs for a low carbon world: How environmental knowledge and policy shape the creation and financing of green start-ups," Research Policy, Elsevier, vol. 49(6).
    8. Lundgren, Amanda Ivarsson & Milicevic, Adriana & Uddin, Gazi Salah & Kang, Sang Hoon, 2018. "Connectedness network and dependence structure mechanism in green investments," Energy Economics, Elsevier, vol. 72(C), pages 145-153.
    9. Huo, Xiaolin & Jiang, Dayan & Qiu, Zhigang & Yang, Sijie, 2022. "The impacts of dual carbon goals on asset prices in China," Journal of Asian Economics, Elsevier, vol. 83(C).
    10. Beşkirli, Mehmet & Koç, İsmail & Haklı, Hüseyin & Kodaz, Halife, 2018. "A new optimization algorithm for solving wind turbine placement problem: Binary artificial algae algorithm," Renewable Energy, Elsevier, vol. 121(C), pages 301-308.
    11. Tsagarakis, Konstantinos P. & Mavragani, Amaryllis & Jurelionis, Andrius & Prodan, Iulia & Andrian, Tugui & Bajare, Diana & Korjakins, Aleksandrs & Magelinskaite-Legkauskiene, Sarune & Razvan, Veres &, 2018. "Clean vs. Green: Redefining renewable energy. Evidence from Latvia, Lithuania, and Romania," Renewable Energy, Elsevier, vol. 121(C), pages 412-419.
    12. Djula Borozan & Luka Borozan, 2019. "Examining the Industrial Energy Consumption Determinants: A Panel Bayesian Model Averaging Approach," Energies, MDPI, vol. 13(1), pages 1-17, December.
    13. Irfan Hameed & Umer Zaman & Idrees Waris & Owais Shafique, 2021. "A Serial-Mediation Model to Link Entrepreneurship Education and Green Entrepreneurial Behavior: Application of Resource-Based View and Flow Theory," IJERPH, MDPI, vol. 18(2), pages 1-19, January.
    14. Bogdan Włodarczyk & Daniela Firoiu & George H. Ionescu & Florin Ghiocel & Marek Szturo & Lesław Markowski, 2021. "Assessing the Sustainable Development and Renewable Energy Sources Relationship in EU Countries," Energies, MDPI, vol. 14(8), pages 1-16, April.
    15. Şanta Ana-Maria Iulia, 2018. "The energy union – a new step towards sustainability by promoting clean energy," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 12(1), pages 896-906, May.
    16. Rehman, Mobeen Ur & Nautiyal, Neeraj & Ghardallou, Wafa & Vo, Xuan Vinh & Zeitun, Rami, 2023. "Comovement and spillover among energy markets: A Comparison across different crisis periods," Economic Analysis and Policy, Elsevier, vol. 79(C), pages 277-302.
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