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Environmental Policies, Competition and Innovation in Renewable Energy

Abstract : We investigate the effect of environmental policies on innovation under different levels of competition. Using information regarding renewable energy policies, competition and green patents for OECD countries since the late 1970s, we develop a pre-sample mean count-data econometric specification that accounts for the endogeneity of policies. We find that renewable energy policies are more effective in fostering green innovation in countries with liberalized energy markets. We also find that environmental policies are crucial only in the generation of high-quality green patents, whereas competition enhances the generation of low-quality green patents.
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Submitted on : Sunday, October 24, 2021 - 1:54:29 AM
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Lionel Nesta, Francesco Vona, Francesco Nicolli. Environmental Policies, Competition and Innovation in Renewable Energy. Journal of Environmental Economics and Management, Elsevier, 2014, 67 (3), pp.396 - 411. ⟨10.1016/j.jeem.2014.01.001⟩. ⟨hal-03399416⟩



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