Innovation

Eka Sudarmaji

Chapter 75 in Elgar Encyclopedia of Energy Economics, 2025, pp 288-290 from Edward Elgar Publishing

Abstract: Fossil fuel resources that will run out have implications for conservation and technological innovation in clean energy resources. Improved energy efficiency and the adoption of clean technology innovations serve to reduce the demand for fossil fuels. Moreover, it is proven that clean technology innovation can reduce the vast growth in fossil fuel energy consumption for today's industry. However, investment in technological innovations is often costly when first discovered. However, then the initial investment cost will decrease over time as its widespread use in the market increases.

Keywords: Innovation; Energy Economics; Fossil Fuels; Renewable Energy (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035310364
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