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Government support to renewable energy R&D: drivers and strategic interactions among EU Member States

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  • Jonas Grafström
  • Patrik Söderholm
  • Erik Gawel
  • Paul Lehmann
  • Sebastian Strunz

Abstract

Although the climate challenge requires proactive policies that spur innovation in the renewable energy sector, various countries commit vastly different levels of support for renewable energy R&D. This paper addresses the question why this may be the case. Specifically, the objective is to analyse the determinants of government support to renewable energy R&D in the European Union (EU), and, in doing this, we devote particular attention to the question of whether the level of this support tends to converge or diverge across EU Member States. The investigation relies on a data set of 12 EU Member States and a bias-corrected dynamic panel data estimator. We test for the presence of conditional β-convergence, and the impacts of energy dependence and electricity regulation on government R&D efforts. The findings display divergence in terms of government support to renewable energy R&D, and this result is robust across various model specifications and key assumptions. The analysis also indicates that countries with a low energy-import dependence and deregulated electricity markets tend to experience lower growth rates in government renewable energy R&D. The paper ends by discussing some implications of the results, primarily from an EU perspective.

Suggested Citation

  • Jonas Grafström & Patrik Söderholm & Erik Gawel & Paul Lehmann & Sebastian Strunz, 2023. "Government support to renewable energy R&D: drivers and strategic interactions among EU Member States," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 32(1), pages 1-24, January.
    • Handle: RePEc:taf:ecinnt:v:32:y:2023:i:1:p:1-24
    DOI: 10.1080/10438599.2020.1857499
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    Cited by:

    1. José Castro Oliveira & Manuel Carlos Nogueira & Mara Madaleno, 2023. "Do the Reduction of Traditional Energy Consumption and the Acceleration of the Energy Transition Bring Economic Benefits to South America?," Energies, MDPI, vol. 16(14), pages 1-15, July.
    2. Mara Madaleno & Manuel Carlos Nogueira, 2023. "How Renewable Energy and CO 2 Emissions Contribute to Economic Growth, and Sustainability—An Extensive Analysis," Sustainability, MDPI, vol. 15(5), pages 1-15, February.
    3. Khezri, Mohsen & Hasan, Qaraman Mohammed, 2024. "Exploring the impacts of entrepreneurship indices on renewable energy mix: A cross-country study," Renewable and Sustainable Energy Reviews, Elsevier, vol. 199(C).
    4. Xuming Qian & Mohammad Akefi Ghaziani, 2024. "The Relationship between Transparency Obligations and Foreign Investment in Renewable Energies: Realising the Potential Role of IIAs," Energies, MDPI, vol. 17(11), pages 1-17, June.

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