Which firms benefit from investments in green energy technologies? – The effect of energy costs
Research Policy, 2019, vol. 48, issue 3, 546-555
Firms will invest in green energy technologies only if these investments have an economic pay-off. Based on unique firm-level data from Austria, Germany, and Switzerland, we find that the marginal effect of investments in green energy technologies on productivity is positive only for the 19% of firms with the highest energy costs. These results have major implications for companies and policy makers regarding the design of green energy policies and incentives.
Keywords: Energy technologies; Green innovation; Energy costs; Energy input; Firm productivity (search for similar items in EconPapers)
JEL-codes: O30 O34 Q55 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:respol:v:48:y:2019:i:3:p:546-555
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