On the selection of financing instruments to push the development of new technologies: Application to clean energy technologies

Luis Olmos, Sophia Ruester () and Siok-Jen Liong

Energy Policy, 2012, vol. 43, issue C, 252-266

Abstract: Achieving climate policy goals requires mobilizing public funds to bring still immature clean technologies to competitiveness and create new technological options. The format of direct public support must be tailored to the characteristics of technologies addressed. Based on the experience accumulated with innovation programs, we have identified those features of innovation that should directly condition the choice of direct support instruments. These include the funding gap between the cost of innovation activities and the amount of private funds leveraged; the ability of technologies targeted to compete for public funds in the market; the probability that these technologies fail to reach the market; and the type of entity best suited to conduct these activities.

Keywords: Climate policy; Clean energy innovation; Technology push instruments (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (53)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:43:y:2012:i:c:p:252-266

DOI: 10.1016/j.enpol.2012.01.001

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