Environmental policies, competition and innovation in renewable energy

Nesta, Lionel; Vona, Francesco; Nicolli, Francesco

doi:10.1016/j.jeem.2014.01.001

Cited by 373 publications

(231 citation statements)

References 58 publications

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“…This framework proved to be useful in analyzing the price dynamics of EU ETS. Nesta et al (2014) instead carry out an empirical analysis on OECD countries to show that also environmental policies based on subsidies perform better when conducted in competitive markets. These works actually motivate the joint implementation of environmental and competition policies.…”

Section: The Optimal Choice Of Environmental Policiesmentioning

confidence: 99%

Environmental and innovation policies for the evolution of green technologies: a survey and a test

2015

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The aim of this paper is to provide an updated survey of the ‘‘state of the\ud art’’ in environmental policies, with a particular focus on those policies fostering the\ud generation, diffusion and exploitation of technologies improving environmental\ud performances, i.e. eco-innovations. In particular, we provide a critical appraisal of\ud the existing policy schemes, by emphasizing how the demarcation between environmental\ud and technology policies gets more and more blurred. The case for a\ud systemic approach to the implementation of policy measures is finally discussed.\ud Econometric evidence about the importance of environmental policies is also provided\ud in the ‘‘Appendix’’

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Section: The Optimal Choice Of Environmental Policiesmentioning

confidence: 99%

Environmental and innovation policies for the evolution of green technologies: a survey and a test

2015

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“…Recent research has shown that an appropriate policy mix that combines policies to reduce pollution 1 An evaluation of the welfare effects of REPs is beyond the scope of this paper. In general, these policies appear to have a positive effect on RE technologies (Johnstone et al, 2010), with a remarkably stronger effect on highquality inventions (Nesta et al, 2014) and a weaker one on per-capita investments in renewable capacity, which is a proxy for technology diffusion (Popp et al, 2011). Moreover, the various policy instruments have displayed heterogeneous effects across various technologies (Johnstone et al, 2010).…”

Section: Introductionmentioning

confidence: 99%

Energy Market Liberalization and Renewable Energy Policies in OECD Countries

Vona¹,

Nicolli

2014

SSRN Journal

Self Cite

116

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Within the IEB framework, the Chair of Energy Sustainability promotes research into the production, supply and use of the energy needed to maintain social welfare and development, placing special emphasis on economic, environmental and social aspects. There are three main research areas of interest within the program: energy sustainability, competition and consumers, and energy firms. The energy sustainability research area covers topics as energy efficiency, CO2 capture and storage, R+D in energy, green certificate markets, smart grids and meters, green energy and biofuels. The competition and consumers area is oriented to research on wholesale markets, retail markets, regulation, competition and consumers. The research area on energy firms is devoted to the analysis of business strategies, social and corporative responsibility, and industrial organization. Disseminating research outputs to a broad audience is an important objective of the program, whose results must be relevant both at national and international level.The Chair of Energy Sustainability of the University of Barcelona-IEB is funded by the following enterprises ACS, CEPSA, CLH, Enagas, Endesa, FCC Energia, HC Energia, Gas Natural Fenosa, and Repsol) through FUNSEAM (Foundation for Energy and Environmental Sustainability). The IEB working papers represent ongoing research that is circulated to encourage discussion and has not undergone a peer review process. Any opinions expressed here are those of the author(s) and not those of IEB. Documents de Treball de l'IEB 2014/18 ENERGY MARKET LIBERALIZATION AND RENEWABLE ENERGY POLICIES IN OECD COUNTRIESFrancesco Vona, Francesco Nicolli ABSTRACT: We investigate the effect of energy liberalizations on policies that support renewable energy in a long panel of OECD countries. We estimate this effect accounting for the endogeneity of liberalization related to joint decisions within a country's energy strategy. Using regulation in other industries as instruments, we find that energy liberalization increases the public support to renewable energy. The effect of liberalization is the second largest after the effect of per-capita income and is fully driven by reductions in entry barriers, while the effect of privatization is negative. Finally, our results are robust to dynamic specifications and various policy indicators.JEL Codes: Q42, Q48, D72, O38

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“…We resort to such indicator due to the difficulty of building more complex numerical measures of environmental policy stringency which cover a wide range of different policy instrument. While very crude, similar proxies have been used in the literature (see for instance Nesta et al 2014) and arguably capture a signal given to investors that governments are committing to tackling energy efficiency by increasing the complexity of the policy portfolio. Tables 1 and 2 For our empirical estimation we compute energy expenditures using information on energy price indexes and energy consumption.…”

Section: Data and Descriptive Statisticsmentioning

confidence: 99%

Directed Technological Change and Energy Efficiency Improvements

2015

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This paper applies the Directed Technical Change (DTC) framework to study improvements in the efficiency of energy use. We present a theoretical model which (1) shows that the demand for energy is shifted down by innovations in energy intensive sectors and (2) highlights the drivers of innovative activity in these sectors. We then estimate the model through an empirical analysis of patent and energy data. Our contribution is fivefold. First, our model shows that under very general assumptions information about energy expenditures, knowledge spillovers and the parameters governing the R&D process are sufficient to predict the R&D effort in efficiencyimproving technologies. Second, we pin down the conditions for a log-linear relation between energy expenditure and the R&D effort. Third, the calibration of the model provides clear evidence that the value of the energy market as well as international and inter-temporal spillovers play a significant role in determining the level of innovative activity. Fourth, we show that innovative activity in energy intensive sectors shifts down the (Marshallian) demand for energy. Finally, we show that due to the streamlined modelling framework we adopt, the point estimates from our regression can potentially be used to calibrate any model of DTC in the context of energy consumption.JEL classifications: O31, O33, Q43

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Environmental policies, competition and innovation in renewable energy

Cited by 373 publications

References 58 publications

Environmental and innovation policies for the evolution of green technologies: a survey and a test

Environmental and innovation policies for the evolution of green technologies: a survey and a test

Energy Market Liberalization and Renewable Energy Policies in OECD Countries

Directed Technological Change and Energy Efficiency Improvements

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