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The promotion of renewable energy innovation

Author

Listed:
  • Lionel Nesta

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Francesco Vona

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

Abstract

This policy brief addresses the issue of the complementarity of policies supporting renewable energy and market competition in fostering green innovation. Innovation is commonly regarded as the best answer to sustaining current life standards while overcoming severe environmental concerns. This is especially relevant in the case of energy, where increasing resource scarcity calls for the rapid development of alternative energy sources, notably renewable energy. 2) Although as of today, renewable energy (RE henceforth) cannot compete with fossil fuel in terms of production costs, impressive technological progress has paved the way to new promising sources such as biomass, solar and wind, among others. 3) Countries too have developed areas of specialization in specific types of renewable energy sources: for example, Denmark has established a strong technological advantage in wind technologies, Sweden and Germany have specialized in bioenergy, Germany and Spain in solar, Norway and Austria in Hydropower. France, with its specialization in nuclear energy, seems to be lagging behind in RE innovation, as compared with other major players such as the USA or Germany.

Suggested Citation

  • Lionel Nesta & Francesco Vona, 2014. "The promotion of renewable energy innovation," Post-Print hal-03429882, HAL.
  • Handle: RePEc:hal:journl:hal-03429882
    Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03429882
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