| Title | Public Research and Development Funding for Renewable Energy Technologies in Europe: A Cross-Country Analysis |
|---|---|
| ID_Doc | 30954 |
| Authors | Gasser, M; Pezzutto, S; Sparber, W; Wilczynski, E |
| Title | Public Research and Development Funding for Renewable Energy Technologies in Europe: A Cross-Country Analysis |
| Year | 2022 |
| Published | Sustainability, 14, 9 |
| Abstract | The European Union recognizes the vital role that innovation in renewable energy technologies plays in accelerating the energy transition. In the largest ever transnational research and innovation program, Horizon Europe (2021-2027), the EU allocated 35% of the total budget of euro95.5 billion to green technology research. This paper examines public research and development (R&D) funding for renewable energy technologies in 17 European countries from 2000 to 2020 by analyzing its extent, composition, and effectiveness. While large economies lead in the size of total available public R&D support, Nordic countries lead when it comes to available public R&D funding relative to the sizes of their respective economies. Thereby, the share of the European Union's funding within the total public R&D support available in each country is vastly heterogeneous across countries, ranging from 13% to 63%. Furthermore, based on detailed and recent data, the effectiveness of public R&D funding is estimated through a Negative Binomial Regression model with fixed effects. Overall, public R&D funding is confirmed as an effective driver of green innovation. Like in previous studies, limitations stem from restricted data availability and temporal uncertainty of innovation. These limitations are addressed, which shall incentivize future research and policymaking. |
| https://www.mdpi.com/2071-1050/14/9/5557/pdf?version=1651831224 |
Similar Articles
| ID | Score | Article |
|---|---|---|
32122
|
Kurekova, L; Cermakova, K; Hromada, E; Kaderabkova, B Public Funding In R&D And R&D Outcome Sustainable Development: Analysis Of Member States Eu(2023)International Journal Of Economic Sciences, 12, 2 | |
| 66974
|
Jesic, J; Okanovic, A; Panic, AA Net zero 2050 as an EU priroty: modeling a system for efficient investments in eco innovation for climate change mitigation(2021)Energy Sustainability And Society, 11, 1 | |
| 64057
|
Lupu, I; Hurduzeu, G; Lupu, R; Floriana, M; Gavrilescu, C Drivers For Renewable Energy Consumption In European Union Countries. A Panel Data Insight(2023)Amfiteatru Economic, 25, 63 | |
| 32042
|
Fragkiadakis, K; Fragkos, P; Paroussos, L Low-Carbon R&D Can Boost EU Growth and Competitiveness(2020)Energies, 13, 19 | |
| 32292
|
Lindman, Å; Söderholm, P Wind energy and green economy in Europe: Measuring policy-induced innovation using patent data(2016) | |
| 64520
|
Zastempowski, M Analysis and modeling of innovation factors to replace fossil fuels with renewable energy sources- Evidence from European Union enterprises(2023) | |
| 30702
|
Obobisa, ES; Ahakwa, I Stimulating the adoption of green technology innovation, clean energy resources, green finance, and environmental taxes: The way to achieve net zero CO 2 emissions in Europe?(2024) | |
| 31771
|
Eid, AG; Mrabet, Z; Alsamara, M Assessing the impact of energy R&D on green growth in OECD countries: a CS-ARDL analysis(2024) | |
| 30082
|
Maasoumi, E; Heshmati, A; Lee, I Green innovations and patenting renewable energy technologies(2021)Empirical Economics, 60, 1 | |
| 32310
|
Shabir, M; Pazienza, P; De Lucia, C Energy innovation and ecological footprint: Evidence from OECD countries during 1990-2018(2023) |