The Political Economy of Energy Innovation

40 Pages Posted: 24 May 2016

See all articles by Shouro Dasgupta

Shouro Dasgupta

Fondazione Eni Enrico Mattei; CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici

Enrica De Cian

Fondazione Eni Enrico Mattei (FEEM); CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici

Elena Verdolini

Fondazione Eni Enrico Mattei (FEEM), CMCC - Euro Mediterranean Centre for Climate Change

Date Written: May 24, 2016

Abstract

This paper empirically investigates the effects of environmental policy, institutions, political orientation, and lobbying on energy innovation and finds that they significantly affect the incentives to innovate and create cleaner energy efficient technologies. We conclude that political economy factors may act as barriers even in the presence of stringent environmental policy, implying that, to move towards a greener economy, countries should combine environmental policy with a general strengthening of institutional quality, consider the influence of government’s political orientation on environmental policies, and the implications of the size of energy intensive sectors in the economy.

Keywords: Energy Innovation, Environmental Policy, Patents, Political Economy

JEL Classification: C23, D02, O30, Q58

Suggested Citation

Dasgupta, Shouro and De Cian, Enrica and Verdolini, Elena, The Political Economy of Energy Innovation (May 24, 2016). FEEM Working Paper No. 35.2016. Available at SSRN: https://ssrn.com/abstract=2783689 or http://dx.doi.org/10.2139/ssrn.2783689

Shouro Dasgupta

Fondazione Eni Enrico Mattei

Isola di San Giorgio 8
Venezia, VE 30124
Italy

CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici ( email )

via Augusto Imperatore, 16
Lecce, I-73100
Italy

Enrica De Cian (Contact Author)

Fondazione Eni Enrico Mattei (FEEM) ( email )

Campo S. M. Formosa, Castello 5252
Venice, 30122
Italy

CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici ( email )

via Augusto Imperatore, 16
Lecce, I-73100
Italy

Elena Verdolini

Fondazione Eni Enrico Mattei (FEEM), CMCC - Euro Mediterranean Centre for Climate Change ( email )

C.so Magenta 63
Milano, 20123
Italy

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