 Why and how to subsidise energy R+D: Lessons from the collapse and recovery of electricity innovation in the UKTooraj Jamasb and Michael Pollitt Energy Policy, 2015, vol. 83, issue C, 197-205 Abstract: The UK electricity sector liberalisation was a pioneer in the worldwide reform trend and its reform model and outcomes have been the subject of many studies. However, lesser known are the effects of privatisation, market based reforms, and incentive regulation of networks on research and development as well as patenting activities in the sector. This paper updates our previous studies of this subject and discusses the recent developments in the innovative activities in the UK electricity sector. We find that, in recent years, the initial absence of support policies and the subsequent decline in innovation efforts in the aftermath of the reform has resulted in efforts towards forming an energy technology and innovation policy. Although we already observe some positive outcomes from these efforts, we discuss whether the balance of the innovation efforts are calibrated appropriately and whether the institutional framework can be further improved to promote long term progress. Keywords: Energy technology; Innovation; Liberalisation; Research and development (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:83:y:2015:i:c:p:197-205 DOI: 10.1016/j.enpol.2015.01.041 Access Statistics for this article Energy Policy is currently edited by N. France More articles in Energy Policy from Elsevier |
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