Social Rate of Return to R&D on Various Energy Technologies: Where Should We Invest More? A Study of G7 Countries

Roula Inglesi-Lotz

No 201549, Working Papers from University of Pretoria, Department of Economics

Abstract: The severity of investment in Research and Development (R&D) in the energy sector is undisputable especially considering the benefits of new technologies to sustainability, security and environmental protection. However, the nature and potential of various energy technologies that are capable to improve the energy and environmental conditions globally is a challenging task for governments and policy makers that have to make decisions on the allocation of funds in R&D. To do so, the optimal resource allocation to R&D should be determined by estimating the social rate of return for R&D investments. This paper aims to estimate the social rate of return of R&D on various energy applications and technologies such as energy efficiency, fossil fuels, renewable energy sources, and nuclear for the G7 countries. The results show that primarily R&D investment on Energy Efficiency technologies and Nuclear are the ones that yield high social benefits for all G7 countries while exactly the opposite holds for Fossil fuels.

Pages: 11 pages
Date: 2015-06
New Economics Papers: this item is included in nep-ene, nep-env, nep-ino and nep-tid
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Related works:
Journal Article: Social rate of return to R&D on various energy technologies: Where should we invest more? A study of G7 countries (2017)
Working Paper: Social Rate of Return to R&D on Various Energy Technologies: Where Should We Invest More? A Study of G7 Countries (2016)
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