Determinants of renewable energy technological innovation in China under CO2 emissions constraint

Renewable energy is not only an efficient way to ensure energy independence and security but also supports the transition to a low carbon economy and society. The progress of renewable energy technological innovation is an important factor that influences the development of renewable energy. An in-d...

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Vydáno v:Journal of environmental management Ročník 247; s. 662 - 671
Hlavní autoři: Lin, Boqiang, Zhu, Junpeng
Médium: Journal Article
Jazyk:angličtina
Vydáno: Elsevier Ltd 01.10.2019
Témata:
business enterprises
carbon
carbon dioxide
China
climate change
CO2 emissions
energy
energy costs
Energy price
greenhouse gas emissions
Panel data
renewable energy sources
Renewable energy technological innovation
research and development
technology
China
Panel data
CO2 emissions
Renewable energy technological innovation
Energy price
ISSN:0301-4797, 1095-8630, 1095-8630
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Shrnutí:Renewable energy is not only an efficient way to ensure energy independence and security but also supports the transition to a low carbon economy and society. The progress of renewable energy technological innovation is an important factor that influences the development of renewable energy. An in-depth analysis of the driving factors that influence this progress is crucial to China's energy transition. Based on Chinese provincial data over 2000–2015 and panel data models, this paper regards the CO2 emissions as climate change and explores the response of renewable energy technological innovation to intensive CO2 emissions. We also analyze the effect of the driving factors such as energy price and R&D investment on this innovation process. The main conclusions drawn are: (1) There are significant differences in technological innovation levels across China's provinces. (2) We observe that the intensive CO2 emissions have promoted renewable energy technological innovation level, meaning that innovation process responds actively to climate changes. (3) R&D investment from government and enterprise both are conducive for promoting the innovation level. (4) Energy price has an insignificant effect on innovation in renewable energy technologies and we attribute this to the unreasonable energy price mechanism. This paper provides clear evidence for understanding the role of innovation on climate change. •The drivers of the renewable energy technological innovation are explored.•There are significant differences in technological innovation across provinces.•Renewable energy technological innovation responds actively to climate changes.•R&D investment is conducive for promoting the technological innovation levels.•The government should give full play to the role of the energy price mechanism.
Bibliografie:ObjectType-Article-1
SourceType-Scholarly Journals-1
ObjectType-Feature-2
content type line 23
ISSN:0301-4797
1095-8630
1095-8630
DOI:10.1016/j.jenvman.2019.06.121