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Performance of Offshore Renewable Energy (ORE) Firms: An International Perspective

Author

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  • Catherine Boulatoff
  • Carol Marie Boyer

    (Department of Economics, Dalhousie University)

Abstract

In their quest to promote renewable energy, governments often partner with industry and finance key stakeholders. This is particularly true when it comes to developing ocean resources, whether it be tidal or offshore wind energy. In such a challenging environment, it is of important therefore to understand how these different actors can best cooperate to promote sustainable ocean governance. Drawing on data from early 2000s, this paper examines how ocean energy development, subsequently referred to as offshore renewable energy (ORE) has been performing both nationally and internationally over time. It then analyzes the role of public support in the industry across countries, both theoretically and in practice. Factors, such as policies (in particular public funding in the shape of subsidies), both corporate and government Research and Development (R&D), environmental goals and policies that have played a positive role in the promotion of the industry, are then examined, and remaining challenges facing the ORE industry are outlined.

Suggested Citation

  • Catherine Boulatoff & Carol Marie Boyer, 2015. "Performance of Offshore Renewable Energy (ORE) Firms: An International Perspective," Working Papers daleconwp2015-01, Dalhousie University, Department of Economics.
    • Handle: RePEc:dal:wpaper:daleconwp2015-01
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    File URL: http://wp.economics.dal.ca/RePEc/dal/wpaper/DalEconWP2015-01.pdf
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    References listed on IDEAS

    as
    1. David, Paul A. & Hall, Bronwyn H. & Toole, Andrew A., 2000. "Is public R&D a complement or substitute for private R&D? A review of the econometric evidence," Research Policy, Elsevier, vol. 29(4-5), pages 497-529, April.
    2. José Ángel Zúñiga-Vicente & César Alonso-Borrego & Francisco J. Forcadell & José I. Galán, 2014. "Assessing The Effect Of Public Subsidies On Firm R&D Investment: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 28(1), pages 36-67, February.
    3. Leete, Simeon & Xu, Jingjing & Wheeler, David, 2013. "Investment barriers and incentives for marine renewable energy in the UK: An analysis of investor preferences," Energy Policy, Elsevier, vol. 60(C), pages 866-875.
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