Financing energy innovation: The role of financing constraints for directed technical change from fossil-fuel to renewable innovation

Joëlle Noailly and Roger Smeets

No 2016/06, EIB Working Papers from European Investment Bank (EIB)

Abstract: Addressing both the challenge of climate change and the world's growing energy needs will only be possible by achieving a breakthrough in clean technologies in order to deliver safe, clean and sustainable energy for future generations. Such a large-scale technological transition will require massive investments in research and development (R&D) of clean energy production. Within the sector of electricity generation, renewable (REN) energy technologies, such as solar, wind or geothermal energy, can provide a clean alternative to electricity produced from carbon-intensive fossil-fuels (FF). Nonetheless, private firms' investments in advancing innovation for renewable energy technologies face important challenges. [...]

Date: 2016
New Economics Papers: this item is included in nep-ene, nep-env, nep-ino, nep-ppm, nep-reg and nep-sbm
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:eibwps:201606

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