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The creation of energy startups: the role of environmental knowledge spillovers

Author

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  • Aurelien Quignon

    (ICN Business School, CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine)

Abstract

This paper examines how environmental innovation influences startup creation in energy and non-energy sectors. Using a panel of 35 developed and developing countries from 1998 to 2019 and a two-way fixed effects model, I find that environmental knowledge significantly increases the creation of startups in energy sectors, while no effect is found for non-energy sectors. Further analysis reveals that environmental knowledge promotes startup creation across nongreen, digital, and non-digital energy sectors, suggesting broad spillover effects. I also find that in less developed entrepreneurial ecosystems, environmental knowledge is critical for supporting the formation of startups in the clean energy sector. These results support policies aimed at fostering environmental innovation to stimulate entrepreneurship.

Suggested Citation

  • Aurelien Quignon, 2026. "The creation of energy startups: the role of environmental knowledge spillovers," Post-Print hal-05785510, HAL.
    • Handle: RePEc:hal:journl:hal-05785510
    DOI: 10.17811/ebl.15.3.2026.215-230
    Note: View the original document on HAL open archive server: https://hal.science/hal-05785510v1
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    Keywords

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    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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