Optimization models for financing innovations in green energy technologies

Tan, Raymond Girard R.; Aviso, Kathleen B.; Ng, Denny K. S.

doi:10.1016/j.rser.2019.109258

Cited by 42 publications

(17 citation statements)

References 55 publications

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“…The core pursuit of green innovation is to achieve green development in China. The commercialization of emerging green technologies is crucial to improve the sustainability of industrial processes (Tan et al, 2019) [33]. We should evolve and develop novel products, processes, services, and market schemes through green innovation; reduce the consumption of natural resources; reduce the damage to the ecological environment; improve the efficiency of resource allocation; and provide the support and realization path for achieving high-quality economic development.…”

Section: Discussionmentioning

confidence: 99%

Impacts of Green Innovation, Institutional Constraints and Their Interactions on High-Quality Economic Development across China

Wan

et al. 2021

Sustainability

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In 2015, China put forward five development concepts, propounded the concept of green development and green innovation, and adhered to the road of sustainable development. China also promoted the vision of high-quality economic development in 2017. It is very important to study the impacts of green innovation on high-quality development. However, scant research has been conducted on the impact of green innovation and institutional constraints on high-quality economic development simultaneously over both space and time in China. In this study, we analyze the impacts of green innovation on high-quality economic development across China from 2014 to 2018. The panel data model and the panel threshold model are developed, and the impact of green innovation and institutional constraints on high-quality economic development is empirically analyzed. Our results indicate that the comprehensive index and the level of high-quality economic development in all regions of China are increasing consistently. At the national level, addressing green innovation and institutional constraints have shown a significant positive impact on high-quality economic development. At the regional level, the interaction of green innovation and institutional constraints (i.e., mitigation of institutional constraints by green revolution) has a more positive impact on the economic quality of eastern China than that of central China. The interaction between green innovation and institutional constraints shows no positive impact on the high-quality economic development of the central and western regions because the green innovation, institutional constraints, and economic development in the central and western regions are weaker than those in the eastern regions. Therefore, it is suggested that different regions of China, especially the central and western ones, should strengthen green innovation, improve the market system, and increase government support.

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Section: Discussionmentioning

confidence: 99%

Impacts of Green Innovation, Institutional Constraints and Their Interactions on High-Quality Economic Development across China

Wan

et al. 2021

Sustainability

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“…Recent articles also point to the various policies and incentives governments use to make the most of their companies by using sustainable technologies and green and environmental innovations. Given the content of these articles, although recent articles overlap with the cited articles in the clusters under study, some of the new issues in the field of sustainable technologies have been overlooked, including issues of converting solid waste to energy (Mukherjee et al, 2020), the issue of commercialization of emerging green technologies that are essential to improving the sustainability of industrial processes (Tan et al, 2019), how to commercialize renewable energy technologies (Shakeel et al, 2017), how governments support commercialization and the drivers and barriers to commercialization (Meijer et al, 2019), and of course funding the development of new technologies as a serious obstacle to their commercialization (Tan et al, 2019), modernizing the energy sector towards the use of renewable resources and the deployment of "green technologies" that require large quantities of raw materials, some of which are at high risk for supply (Valero et al, 2018). Investigations in clusters have mentioned investment in this area, but little attention has been paid to uncertainty as one of the most important factors in investment decisions (Romano & Fumagalli, 2018).…”

Section: Discussionmentioning

confidence: 99%

A bibliometric study of sustainable technology research

Akbari

Khodayari

Danesh

et al. 2020

Cogent Business & Management

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Sustainable technology is a rather new subject in sustainability which is paying academics' attention recently. This article provides a bibliometric review of sustainable technology studies in the sustainability area. Data from the Web of Science (WoS), database relating to 1122 publications available between 1970 and 2019 is used. Numerous bibliometric methods are used to do this indication. The VOSviewer software is used to graph the bibliographic documents. The findings revealed that publications around this area have been enhanced considerably in the last decade and the USA is the most dominant country. Furthermore, the co-citation network of references revealed five clusters; the competitive advantage of environmental innovation, the development of sustainable technologies, environmental policy tools, undesirable output solutions, and innovative environmental activities.

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“…There are abundant researches investigating the GTI in operational-management area. Prior works studied the drivers of green technology innovation effort, including technological ability [11], financial ability [12,13], R&D subsidy [14,15], regulation [16][17][18], and market demand [19]. Besides, some researches were carried out from the perspective of different types of technology innovation.…”

Section: Green Technology Innovationmentioning

confidence: 99%

The Selection of Green Technology Innovations under Dual-Credit Policy

2020

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In the pressure of excessive resource consumption and serious environmental pollution, government in China proposed a dual-credit policy to promote the production of green vehicles, such as energy-saving fuel vehicle (FV) and electric vehicle (EV). This study explores the firm’s selection of green technology innovations (GTIs) under dual-credit policy, including the energy-saving technology for FV and the technology for producing EV. We found that the firm’s technology capacity of improving the energy-saving level of FV plays an important role in affecting the firm’s selections of GTIs. Specifically, when the technology capacity is moderate, the firm chooses both types of GTIs to produce both EV and energy-saving FV, otherwise he will choose one type only. Moreover, no matter which GTI is selected by the firm, its pricing and environmental efforts decisions keep the same. With the dual-credit policy, we found that it could encourage the production of the EV under certain conditions. Besides this, increasing the green credit of EV can align the economic and environmental interests while increasing standard energy consumption has conflicts in both interests. In particular, when the firm offers FV only or both EV and FV, increasing the price of credit has conflicting interests in economy and environment. However, when the firm offers EV only, increasing the price of credit could improve the firm’s profit without hurting the environment.

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Optimization models for financing innovations in green energy technologies

Cited by 42 publications

References 55 publications

Impacts of Green Innovation, Institutional Constraints and Their Interactions on High-Quality Economic Development across China

Impacts of Green Innovation, Institutional Constraints and Their Interactions on High-Quality Economic Development across China

A bibliometric study of sustainable technology research

The Selection of Green Technology Innovations under Dual-Credit Policy

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