Do market-based environmental policies encourage innovation in energy storage?

Siyu Feng ()
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Siyu Feng: University of Wisconsin-Milwaukee

Environmental Economics and Policy Studies, 2024, vol. 26, issue 3, No 8, 673-713

Abstract: Abstract Using firm-level patent data from 1978 to 2015, I examine the impact of market-based environmental policies on innovation in energy storage. My results highlight the role of environmental taxes, feed-in tariffs for solar energy and tradable certificates for CO $$_2$$ 2 emission to promote firms’ patenting activity, whereas renewable energy certificates and energy efficiency certificates discourage it. These results imply the need for more stringent market-based environmental policies to incentivize innovation in energy storage.

Keywords: Energy storage; Innovation; Environmental policy (search for similar items in EconPapers)
JEL-codes: O13 O38 O44 Q4 Q58 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s10018-024-00394-4

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