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Bioenergy innovation and energy policy

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  • Robert Lundmark
  • Kristoffer B�ckstr�m

Abstract

Using panel data on 13 OECD countries between 1979 and 2008 this paper examines the affect climate and energy policies have had on the rate of biotechnology innovations. The explanatory variables include a vector of important determinants of patenting activity for biotechnologies (e.g. specific and general research and development expenditures, energy consumption, energy prices and total number of registered patents). Fixed effects are employed to capture unobservable country-specific heterogeneity using a negative binomial model. The empirical results indicate that policies are important for stimulating innovations in biotechnologies. The development of feed-in-tariffs (FITs) and the implementation of tradable green certificates have had a positive and statistically significant impact on patent activity. The economic impact of green certificates is found to be larger than that of FITs. In addition, R&D activities have also had a positive and statistically significant effect on innovation.

Suggested Citation

  • Robert Lundmark & Kristoffer B�ckstr�m, 2015. "Bioenergy innovation and energy policy," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 24(8), pages 755-775, November.
    • Handle: RePEc:taf:ecinnt:v:24:y:2015:i:8:p:755-775
    DOI: 10.1080/10438599.2014.998862
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    Cited by:

    1. Palage, Kristoffer & Lundmark, Robert & Söderholm, Patrik, 2019. "The impact of pilot and demonstration plants on innovation: The case of advanced biofuel patenting in the European Union," International Journal of Production Economics, Elsevier, vol. 210(C), pages 42-55.
    2. Wadim Strielkowski & Evgeny Lisin, 2017. "Economic Aspects of Innovations in Energy Storage," International Journal of Energy Economics and Policy, Econjournals, vol. 7(1), pages 62-66.

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