Renewable Energy Policies and Technological Innovation: Evidence Based on Patent Counts
37 Pages Posted: 30 Jan 2008 Last revised: 8 Aug 2021
Date Written: January 2008
This paper examines the effect of environmental policies on technological innovation in the specific case of renewable energy. The analysis is conducted using patent data on a panel of 25 countries over the period 1978-2003. It is found that public policy plays a significant role in determining patent applications. Different types of policy instruments are effective for different renewable energy sources.
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