Environmental Policies and Innovation in Renewable Energy

Released on by Luca Bettarelli
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  • Environmental Policies and Innovation in Renewable Energy Book Detail

  • Author : Luca Bettarelli
  • Release Date : 2023-09
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 55
  • ISBN 13 :
  • File Size : 25,25 MB
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Environmental Policies and Innovation in Renewable Energy by Luca Bettarelli PDF Summary

Book Description: This paper investigates the effect of Climate Change Policies (CCPs) on green innovation, for a sample of 40 advanced and emerging market economies and 5 economic sectors, during the period 2000-2021. Our results suggest that CCPs increase green patents, with the effect increasing gradually over time. The effect is larger for non-market-based policies—such as R&D subsidies—and technology-support instruments, in countries with greater competitiveness and during periods of stronger economic activity—that is, higher GDP growth, lower uncertainty and financial stress. The results based on a difference-in-differences approach suggest that the positive effect of stricter CCPs on green innovation is stronger in sectors with limited financial constraints.

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