The energy industry is facing substantial challenges that require innovation to be fostered. Nevertheless, levels of R&D investment and innovation remain quite low in comparison with other sectors. In this paper we analyse the main drivers of R&D investment and obstacles to innovation in the...

Two recent events in the energy sector – the Macondo well blowout in the U.S. coastal waters and a series of equipment failures at the Fukushima I Nuclear Power Plant in Japan – have shown that current definitions of who pays for accidental pollution damage and third parties' losses are...

Investment by energy firms in innovation can have substantial economic and environmental impacts and benefits. Internal R&D is the main input and driver of the innovation process, but innovation involves other activities, including capital purchases and other current expenditures. While the R&D...

We examine the impact of liberalization, energy efficiency, renewable energy, and security of supply legislations on the risk-return profiles of European energy utilities over the period 1996 to 2013. Results show that, after controlling for equity market and commodity risk factors, the EU...

Mankind has relied on fossil fuels for a stunningly short time. Until the Industrial Revolution wood, wind, and water – renewables - were the primary energy resources. Home heating and cooking was done from a family hearth using mainly wood. If someone wanted to move about they walked, rode...

This paper describes the KAPSARC energy model, which we developed to take an integrated view of the energy issues faced by Saudi Arabia. These issues result from growing internal energy demand that is cutting into the country's ability to export oil, constrained supplies of natural gas that...

There is a risk that if a government adopts a R&D spending policy directed towards wind power technology crowding out of other technologies might occur due to fiscal constraints and changes in relative prices. The purpose of this paper is to provide a backward-looking analysis of how the...

India is now facing serious energy crisis. Traditionally it depends on hydrocarbon for its energy needs by importing. But in near future hydrocarbon like coal and petroleum will be soon be exhausted. Therefore it has changed its energy policy and more emphasis on non-renewable energy sources....

The purpose of this paper is to provide an updated analysis of international knowledge spillovers in the solar energy sector. Specifically, the paper investigates how the accumulation of solar energy patents and public R&D spending affected the output of domestic granted solar energy patents....

The energy system is inverting from centralized large structures to decentralized, distributed structures. These new structures also lead to new generation and distribution functions and to new value chains and cost structures. This paper investigates what elements make up the value of energy in...