Technology S-Curves in Renewable Energy Alternatives: Analysis and Implications for Industry and Government.
Schilling, M.A. & Esmundo, M. 2009. Technology S-curves in renewable energy alternatives: Analysis and implications for industry and government. Energy Policy, 37:1767-1781
15 Pages Posted: 3 Dec 2014
Date Written: May 9, 2013
Analyzing renewable energies from a technology s-curve perspective reveals some surprising and important implications for both government and industry. Using data on government R&D investment and technological improvement (in the form of cost reductions), we show that both wind energy and geothermal energy are poised to become more economical than fossil fuels within a relatively short time frame. The evidence further suggests that R&D for wind and geothermal technologies has been under-funded by national governments relative to funding for solar technologies, and government funding of fossil fuel technologies has been excessive given the diminishing performance of those technologies.
Keywords: renewable energy, wind energy, solar power, innovation, technology s-curves, fossil fuels,
JEL Classification: O31, O32, O33, Q20, Q42
Suggested Citation: Suggested Citation