Economics at your fingertips  

Environmental regulation and innovation in renewable energy technologies: Does the policy instrument matter?

Erik Hille (), Wilhelm Althammer () and Henning Diederich

Technological Forecasting and Social Change, 2020, vol. 153, issue C

Abstract: We examine how different renewable energy support policies affect innovation in solar and wind power technologies. The analysis uses policy and patent data for a large sample of 194 countries and territories. The policy data enables distinguishing between two dimensions of regulation, i.e. design and intensity, and their effects on innovation. The patent data is based on the new Y02E system and covers the period 1990 to 2016, with the more recent years revealing both strong increases and declines in patenting activity. The results show that, firstly, more comprehensive portfolios of renewable energy support policies increase patenting in solar- and wind-power-related technologies. Secondly, this inducement effect is strongest for public RD&D programs, targets, and fiscal incentives. In contrast to previous studies, this paper finds a consistently positive impact of feed-in tariffs and does not detect technology-specific differences in the effectiveness of this policy instrument. Thirdly, the positive effect on patenting activity increases significantly over time, with an increase in duration of the implemented RD&D programs and targets.

Keywords: Innovation; Environmental regulation; Renewable energy technologies; Solar technologies; Wind technologies (search for similar items in EconPapers)
JEL-codes: H23 O31 Q42 Q55 Q58 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (32) Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Environmental regulation and innovation in renewable energy technologies: Does the policy instrument matter? (2019) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

DOI: 10.1016/j.techfore.2020.119921

Access Statistics for this article

Technological Forecasting and Social Change is currently edited by Fred Phillips

More articles in Technological Forecasting and Social Change from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

Page updated 2022-07-29
Handle: RePEc:eee:tefoso:v:153:y:2020:i:c:s0040162519301520