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Do market-based environmental policies encourage innovation in energy storage?

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  • Siyu Feng

    (University of Wisconsin-Milwaukee
    University of Oxford)

Abstract

Using firm-level patent data from 1978 to 2015, I examine the impact of market-based environmental policies on innovation in energy storage. My results highlight the role of environmental taxes, feed-in tariffs for solar energy and tradable certificates for CO $$_2$$ 2 emission to promote firms’ patenting activity, whereas renewable energy certificates and energy efficiency certificates discourage it. These results imply the need for more stringent market-based environmental policies to incentivize innovation in energy storage.

Suggested Citation

  • Siyu Feng, 2024. "Do market-based environmental policies encourage innovation in energy storage?," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 26(3), pages 673-713, July.
    • Handle: RePEc:spr:envpol:v:26:y:2024:i:3:d:10.1007_s10018-024-00394-4
    DOI: 10.1007/s10018-024-00394-4
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    More about this item

    Keywords

    Energy storage; Innovation; Environmental policy;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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