Mainstreaming New Renewable Energy Technologies

Karsten Neuhoff () and Rick Sellers

Cambridge Working Papers in Economics from Faculty of Economics, University of Cambridge

Abstract: This paper outlines the benefits, obstacles and options for governments to support international markets for technology development. International markets for new energy technologies offer greater scope, thereby increasing the incentives and opportunities for technology improvements. As the market is supported by more independent governments, the confidence of technology developers and producers that future markets for their products will exist is increasing, thus enabling capital access and inducing R&D investment and exploration of improved production processes. The bigger markets also allow for international competition, thus allowing for the application of the best available technology. The government challenge to induce sufficient RD&D remains and with international markets the benefits and costs of national governments free-riding on international effort needs to be addressed. Finally, we discuss how international co-operation can be used to evolve the energy system in such a way that it can integrate new technologies at minimum cost.

Keywords: Energy technology; Research and development; Deployment (search for similar items in EconPapers)
JEL-codes: D92 L94 Q42 (search for similar items in EconPapers)
Pages: 36
Date: 2006-03
New Economics Papers: this item is included in nep-ene and nep-ino
Note: IO
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:cam:camdae:0624

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