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Energy policy and green innovation: A quantile investigation into renewable energy

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  • Yang, Qi-Cheng
  • Zheng, Mingbo
  • Chang, Chun-Ping

Abstract

Using panel data of 102 countries from 1990 to 2018, this research investigates the varying effect of renewable energy policies on renewable energy green innovation along with the distribution of green innovation. The panel quantile model with additive fixed effect is adopted in this paper, and the research conclusions are as follows. (1) Green innovation positively correlates with national renewable energy policy. (2) Renewable policy is more effective in countries with stronger green innovation capacity. (3) In five different areas of renewable energy, renewable policy is unable to promote green innovation in the lowest innovative countries. (4) Renewable policy exerts the smallest influence on green innovation of geothermal energy compared to other renewable energies. In sum, this paper provides an empirical reference for governments to launch renewable energy policies.

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  • Yang, Qi-Cheng & Zheng, Mingbo & Chang, Chun-Ping, 2022. "Energy policy and green innovation: A quantile investigation into renewable energy," Renewable Energy, Elsevier, vol. 189(C), pages 1166-1175.
    • Handle: RePEc:eee:renene:v:189:y:2022:i:c:p:1166-1175
    DOI: 10.1016/j.renene.2022.03.046
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    Keywords

    Renewable energy; Green innovation; Panel quantile model;
    All these keywords.

    JEL classification:

    • O36 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Open Innovation
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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