Public Investments in Energy Technology

Public Investments in Energy Technology
Author: Michael P. Gallaher
Publisher: Edward Elgar Publishing
Total Pages: 201
Release: 2012-01-01
Genre: Technology & Engineering
ISBN: 085793158X

Escalating energy demand may be the most important issue facing the United States and the world today. There is little disagreement that research and development (R&D) is needed to develop new energy technologies for the future; however, there is less agreement over the specific research agenda to be pursued and how that agenda is funded. This book addresses the social importance of new energy technologies, illustrates policy-relevant applications of evaluation techniques and proposes new perspectives for a US energy investment strategy. Through detailed examples related to solar, geothermal, and vehicle technologies, the authors outline the need for robust evaluation methods to document social returns to taxpayers' R&D investments. They argue that such evaluations are necessary for the public sector to make rational decisions about the allocation of its scares resources. The evaluation methods considered involve developing alternative technology and market pathways from which the benefits of government research can be measured. Researchers and graduate students, policy makers involved in energy technology, and energy R&D program managers will all find much of value in this important and timely book.

Accelerating Energy Innovation

Accelerating Energy Innovation
Author: Rebecca M. Henderson
Publisher: University of Chicago Press
Total Pages: 285
Release: 2011-06-01
Genre: Business & Economics
ISBN: 0226326853

Accelerating energy innovation could be an important part of an effective response to the threat of climate change. Written by a stellar group of experts in the field, this book complements existing research on the subject with an exploration of the role that public and private policy have played in enabling—and sustaining—swift innovation in a variety of industries, from agriculture and the life sciences to information technology. Chapters highlight the factors that have determined the impact of past policies, and suggest that effectively managed federal funding, strategies to increase customer demand, and the enabling of aggressive competition from new firms are important ingredients for policies that affect innovative activity.

Tracking Public Investment in Energy Technology Research

Tracking Public Investment in Energy Technology Research
Author: International Energy Agency
Publisher:
Total Pages: 0
Release: 2022
Genre:
ISBN: 9789264663879

A wide range of countries make efforts to track their entire national public energy research, development and demonstration (RD&D) activity on an ongoing basis, also sharing the collected data with the IEA through a standardised template. However, the approaches adopted to collect data vary significantly across countries. This roadmap describes the variety of country approaches, also identifying the most important common components: the institutional arrangements; the methods for collecting, classifying and validating the data; the data management and technology processes; and, finally, the dissemination. It is intended not only as a guide for countries near the beginning of their journeys towards the collection of energy RD&D, but also for countries with more advanced systems looking to strengthen specific areas. The roadmap is the product of interviews held with representatives of 20 governments between November 2021 and March 2022, and it is indebted to their generosity in sharing their experiences with tracking national energy RD&D spending. Case studies based on the interviews are used to highlight noteworthy methods, while complete national systems descriptions are included in the annex. It is hoped that this publication will serve as a reference and inspiration for experts in this important area of tracking clean energy transitions and that new experiences can be added in the future.

Accelerating Clean Energy Technology Research, Development, and Deployment

Accelerating Clean Energy Technology Research, Development, and Deployment
Author: Patrick Avato
Publisher: World Bank Publications
Total Pages: 92
Release: 2008-06-10
Genre: Business & Economics
ISBN: 0821374826

Climate change is one of the key challenges of this century. At the same time, energy use the primary source of climate-altering global greenhouse gas emissions is increasing at unprecedented rates and is vital to the continued economic growth of developing countries. This poses a serious dilemma that can only be reconciled with new and improved clean energy technologies that balance climate change mitigation and increased energy needs in developing countries. Despite a recent increase in investment, public and private research, development, and deployment (RD&D) funding rates are well below historical levels. In addition, significant barriers impede the ability to develop new technologies, such as the uncertain future value of CO2 emissions, intellectual property rights issues, limited incentives to commercialize technologies for developing countries, and challenges with technology transfer. These factors must be overcome to accelerate innovation in the energy sector. To introduce new thinking to address these concerns, this report examines four cases from outside the energy sector where creative approaches to RD&D have successfully overcome similar barriers. The case studies review approaches to innovation by the Consultative Group on International Agricultural Research, Advanced Market Commitments for Vaccines, the Human Genome Project, and the concept of Distributed Innovation. These case studies show how creative efforts can generate valuable public goods via: (i) international partnerships between public and private actors, (ii) information sharing and intellectual property rights, and (iii) novel financing schemes.

Public R&D Investment on Renewable Energy Projects Among Developed Nations

Public R&D Investment on Renewable Energy Projects Among Developed Nations
Author: Tin Hei Alpha Yuen
Publisher:
Total Pages: 0
Release: 2023
Genre:
ISBN:

Climate change and the depletion of fossil fuel resources have led to a significant increase in the development of renewable energy technologies. Governments, as opposed to the private sector, should be primarily responsible for investing in renewable energy technology. This argument has broad support. This study seeks to examine how geopolitical and political stability affects government spending on renewable energy research and development in developed nations. To accomplish this objective, we will employ the panel autoregressive distributed lag (ARDL) technique. According to the empirical findings, a politically stable climate is required to incentivize governments to invest in renewable energy research and development. Furthermore, increased geopolitical tensions would motivate governments to engage in renewable energy research and development to minimize their dependency on external energy providers.

Energy Technology Cooperation for Sustainable Economic Development

Energy Technology Cooperation for Sustainable Economic Development
Author: Donald L. Guertin
Publisher: University Press of America
Total Pages: 284
Release: 1993
Genre: Business & Economics
ISBN: 9780819190352

This book is a timely contribution to the international dialogue now underway nationally and internationally on how technology cooperation can foster sustainable economic development through the wise production and use of energy. It includes an integrated package of recommendations which will encourage such technology cooperation, developed by a group of over 90 international energy experts from developed and developing countries, as well as intergovernmental organizations. The subjects discussed are: Energy Technology Cooperation; Approaches to Energy Technology Transfer; Privatization Initiatives in Developing Countries; Energy Technology Transfer and Trade; Electric Power for Sustainable World Economic Development; Processes for Transnational Technology Transfer and Technology Cooperation in the Electric Power Industry; Fomenting Industrial Revolution without New Rights of Pollution; Renewable Energy; and Technology Transfer in End-Use Energy Efficiency. The book's concluding chapter provides a comprehensive perspective on the subject of energy efficiency. Co-published with the Atlantic Council of the United States.

Sustainable Energy Investment

Sustainable Energy Investment
Author: Joseph Nyangon
Publisher: BoD – Books on Demand
Total Pages: 262
Release: 2021-03-10
Genre: Technology & Engineering
ISBN: 1838801979

This book examines the technical, market, and policy innovations for unlocking sustainable investment in the energy sector. While finalizing this book, the COVID-19 pandemic is cutting a devastating swath through the global economy, causing the biggest fall in energy sector investment, exacerbating the global trade finance gap, worsening signs of growing income inequality, and devastating the health and livelihoods of millions. What is the parallel between the COVID-19 pandemic and the climate change crisis? The impacts of the global pandemic are expected to last for a few years, whereas those associated with the climate crisis will play out over several decades with potentially irreversible consequences. However, both show that the cost of inaction or delay in addressing the risks can lead to devastating outcomes or a greater probability of irreversible, catastrophic damages. In the context of sustainable energy investment and the transition to a low-carbon, climate-resilient economy, what ways can financial markets and institutions support net-zero-emission activities and the shift to a sustainable economy, including investment in energy efficiency, low-carbon and renewable energy technologies? This book provides students, policymakers, and energy investment professionals with the knowledge and theoretical tools necessary to address related questions in sustainable energy investment, risk management, and energy innovation agendas.

Public Investment Scaling-up and Debt Sustainability

Public Investment Scaling-up and Debt Sustainability
Author: Ahmed El-Ashram
Publisher: International Monetary Fund
Total Pages: 31
Release: 2017-06-12
Genre: Business & Economics
ISBN: 1484302451

The question of how scaling up public investment could affect fiscal and debt sustainability is key for countries needing to fill infrastructure gaps and build resilience. This paper proposes a bottom-up approach to assess large public investments that are potentially self-financing and reflect their impact in macro-fiscal projections that underpin the IMF’s Debt Sustainability Analysis Framework. Using the case of energy sector investments in Caribbean countries, the paper shows how to avoid biases against good projects that pay off over long horizons and ensure that transformative investments are not sacrificed to myopic assessments of debt sustainability risks. The approach is applicable to any macro-critical investment for which user fees can cover financing costs and which has the potential to raise growth without crowding-out.