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Public Support for the Financing of RD&D Activities in New Clean Energy Technologies

Author

Listed:
  • Luis Olmos
  • Sophia Ruester
  • Siok Jen Liong
  • Jean-Michel Glachant

Abstract

Several market failures, as well as other technical, economic and regulatory barriers to the market penetration of clean energy technologies result in under-investment of private innovators in RD&D. Therefore, public support is needed in order to induce innovations. Policy tools creating market conditions that are attractive for the exploitation of clean technologies (market pull) must be combined with other tools directly supporting the development of these technologies through the provision of public funds (technology push). Thereby, financing policy instruments should be chosen so that their characteristics match with those of the specific innovation process being targeted at the same time that social welfare is maximized. We develop an analytical framework to define the form of public support and to provide recommendations on the optimal choice of both technology push and market pull instruments.

Suggested Citation

  • Luis Olmos & Sophia Ruester & Siok Jen Liong & Jean-Michel Glachant, 2010. "Public Support for the Financing of RD&D Activities in New Clean Energy Technologies," RSCAS Working Papers 2010/69, European University Institute.
  • Handle: RePEc:rsc:rsceui:2010/69
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    Cited by:

    1. J-M- Glachant & H. Khalfallah & Y. Perez & V. Rious & M. Saguan, 2013. "Implementing Incentive Regulation and Regulatory Alignment with Resource Bounded Regulators," Competition and Regulation in Network Industries, Intersentia, vol. 14(3), pages 265-291, September.
    2. Jean-Michel Glachant & Haikel Khalfallah & Yannick Perez & Vincent Rious & Marcelo Saguan, 2013. "Implementing incentive regulation through an alignment with resource bounded regulators," Post-Print halshs-00767872, HAL.

    More about this item

    Keywords

    clean energy technologies; innovation finance; public support; technology push; market pull;

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