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Introduction

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Chapter 1 in Energy Innovation for the Twenty-First Century, 2019, pp 2-20 from Edward Elgar Publishing

Abstract: The energy sector is going through a process of transformational change. This follows a period of incremental technical change and relatively smooth growth. Governments are attempting to steer the direction of the energy sector, primarily to reduce emissions of greenhouse gases. This leads to support for renewable energy and energy efficiency. Transformational change in the sector is also being enabled by advances in underlying science and technology including digitalisation and the material sciences. Some energy innovation, notably that supported by the public sector, is driving radical change; much private-sector research and development tends to reinforce the existing paradigm by driving down costs. There are controversies about the rationale for energy innovation support and the role of the public sector.

Keywords: Economics and Finance; Environment; Innovations and Technology (search for similar items in EconPapers)
Date: 2019
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