Download This PaperDo Market-Based Environmental Policies Encourage Innovation in Energy Storage?
53 Pages Posted: 2 Dec 2022
Abstract
Using firm-level patent data from 1978 to 2015, I examine the impact of market-based environmental policies on innovation in energy storage. My results highlight the role of environmental taxes, feed-in tariffs for solar energy and tradable certificates for CO2 emission to promote firms’ patenting activity, whereas renewable energy certificates and energy efficiency certificates discourage it. These results imply the need for more stringent market-based environmental policies to incentivize innovation in energy storage.
Keywords: energy storage, Innovation, Environmental policy
Suggested Citation: Suggested Citation
Feng, Siyu, Do Market-Based Environmental Policies Encourage Innovation in Energy Storage?. Available at SSRN: https://ssrn.com/abstract=4291666 or http://dx.doi.org/10.2139/ssrn.4291666
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