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Article: Energy security and climate change: How oil endowment influences alternative vehicle innovation

TitleEnergy security and climate change: How oil endowment influences alternative vehicle innovation
Authors
KeywordsClimate policy
Technology innovation
Fossil fuel endowment
Issue Date2014
Citation
Energy Policy, 2014, v. 66, p. 400-410 How to Cite?
AbstractFast growing global energy needs raise concerns on energy supply security and climate change. Although policies addressing the two issues sometimes benefit one at the expense of the other, technology innovation, especially in alternative energy, provides a win-win solution to tackle both issues. This paper examines the effect of oil endowment on the patterns of technology innovation in the transportation sector, attempting to identify drivers of technology innovation in alternative energy. The analysis employs panel data constructed from patent data on five different types of automobile-related technologies from 1990 to 2002: oil extraction, petroleum refining, fuel cells, electric and hybrid vehicles (EHV) and vehicle energy efficiency. I find that countries with larger oil endowments perform less innovation on refining and alternative technologies. Conversely, higher gasoline prices positively impact the patent counts of alternative technologies and energy efficiency technology. The findings highlight the challenges and importance of policy designs in international climate change agreements. © 2013 Elsevier Ltd.
Persistent Identifierhttp://hdl.handle.net/10722/202182
ISSN
2015 Impact Factor: 3.045
2015 SCImago Journal Rankings: 2.436
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorKim, Jungeun-
dc.date.accessioned2014-08-22T02:57:46Z-
dc.date.available2014-08-22T02:57:46Z-
dc.date.issued2014-
dc.identifier.citationEnergy Policy, 2014, v. 66, p. 400-410-
dc.identifier.issn0301-4215-
dc.identifier.urihttp://hdl.handle.net/10722/202182-
dc.description.abstractFast growing global energy needs raise concerns on energy supply security and climate change. Although policies addressing the two issues sometimes benefit one at the expense of the other, technology innovation, especially in alternative energy, provides a win-win solution to tackle both issues. This paper examines the effect of oil endowment on the patterns of technology innovation in the transportation sector, attempting to identify drivers of technology innovation in alternative energy. The analysis employs panel data constructed from patent data on five different types of automobile-related technologies from 1990 to 2002: oil extraction, petroleum refining, fuel cells, electric and hybrid vehicles (EHV) and vehicle energy efficiency. I find that countries with larger oil endowments perform less innovation on refining and alternative technologies. Conversely, higher gasoline prices positively impact the patent counts of alternative technologies and energy efficiency technology. The findings highlight the challenges and importance of policy designs in international climate change agreements. © 2013 Elsevier Ltd.-
dc.languageeng-
dc.relation.ispartofEnergy Policy-
dc.subjectClimate policy-
dc.subjectTechnology innovation-
dc.subjectFossil fuel endowment-
dc.titleEnergy security and climate change: How oil endowment influences alternative vehicle innovation-
dc.typeArticle-
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1016/j.enpol.2013.11.011-
dc.identifier.scopuseid_2-s2.0-84892479329-
dc.identifier.volume66-
dc.identifier.spage400-
dc.identifier.epage410-
dc.identifier.isiWOS:000332135900036-

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