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Induced Innovation, Inventors, and the Energy Transition

Author

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  • Eugenie Dugoua
  • Todd Gerarden

Abstract

We study how individual inventors respond to incentives to work on “clean” electricity technologies. Using natural gas price variation, we estimate output and entry elasticities of inventors and measure the medium-term impacts of a price increase mirroring the social cost of carbon. We find that the induced clean innovation response primarily comes from existing clean inventors. New inventors are less responsive on the margin than their average contribution to clean energy patenting would indicate. Our findings highlight the potential importance of policies that increase the supply of clean inventors who are focused on mitigating climate change.

Suggested Citation

  • Eugenie Dugoua & Todd Gerarden, 2023. "Induced Innovation, Inventors, and the Energy Transition," NBER Working Papers 31714, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:31714
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    Cited by:

    1. Nicolò Barbieri & Kerstin Hotte & Peter Persoon, 2025. "The evolving boundary of green technology," SEEDS Working Papers 0325, SEEDS, Sustainability Environmental Economics and Dynamics Studies, revised Mar 2025.
    2. Martijn A. Boermans & Maurice Bun & Yasmine van der Straten, 2024. "Funding the Fittest? Pricing of Climate Transition Risk in the Corporate Bond Market," Working Papers 797, DNB.
    3. Nicol`o Barbieri & Kerstin Hotte & Peter Persoon, 2025. "The evolving boundary of green technology," Papers 2503.21310, arXiv.org.
    4. Gianluca Biggi & Elisa Giuliani & Arianna Martinelli & Julia Mazzei, 2025. "Rethinking Directed Technical Change: When Substitution Leads to Regret," LEM Papers Series 2025/23, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    5. Adrien Bilal & James H. Stock, 2025. "A Guide to Macroeconomics and Climate Change," NBER Working Papers 33567, National Bureau of Economic Research, Inc.
    6. Jee, Su Jung & Srivastav, Sugandha, 2024. "Knowledge spillovers between clean and dirty technologies: Evidence from the patent citation network," Ecological Economics, Elsevier, vol. 224(C).
    7. Johannes Gessner & Wolfgang Habla & Benjamin Rübenacker & Ulrich J. Wagner, 2025. "No Place Like Home: Charging Infrastructure and the Environmental Advantage of Plug-in Hybrid Electric Vehicles," CRC TR 224 Discussion Paper Series crctr224_2025_663, University of Bonn and University of Mannheim, Germany.

    More about this item

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation

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