The empirics of enabling investment and innovation in renewable energy
Dirk Röttgers and
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Geraldine Ang: OECD
Dirk Röttgers: OECD
Pralhad Burli: Montclair State University
No 123, OECD Environment Working Papers from OECD Publishing
This working paper undertakes econometric analysis to assess the impacts of climate mitigation policies and the quality of the investment environment on investment and innovation in renewable power in OECD and G20 countries. It also assesses how countries’ investment environments interact with climate mitigation policies to influence investment and patent activity in renewable power. The paper gathered and tested data across OECD and G20 countries on more than 70 explanatory variables, which were analysed using two Poisson-family regression models: one to investigate determinants of investment flows in renewable power from 2000 until 2014; and one to investigate determinants of patent counts in renewable-power technologies from 2000 until 2012. Results of the econometric analysis are consistent with the main hypothesis in this paper that beyond setting climate mitigation policies, policy makers need to strengthen the general investment environment and align it with climate mitigation policies in order to mobilise investment and innovation in renewable power across OECD and G20 countries.
Keywords: climate change; climate finance; estimation; public intervention; regression (search for similar items in EconPapers)
JEL-codes: F30 H23 L94 O3 Q42 Q48 Q54 Q55 Q58 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dcm, nep-ene, nep-env, nep-ino, nep-reg and nep-tid
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Persistent link: https://EconPapers.repec.org/RePEc:oec:envaaa:123-en
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