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DOI10.1016/j.enpol.2022.113134
Economic and environmental impacts of public investment in clean energy RD&D
Castrejon-Campos, Omar; Aye, Lu; Hui, Felix Kin Peng; Vaz-Serra, Paulo
发表日期2022
ISSN0301-4215
EISSN1873-6777
卷号168页码:16
英文摘要Learning curve theory has been adopted for investigating the relationship between technological learning and technology cost developments. The aim of this paper is to explore the impacts of public investment in clean energy research, development, and demonstration (RD&D) on future technology cost developments by using a two-factor learning curve approach. Learning-by-deploying and learning-by-researching were chosen as the main sources of learning. The focus is on onshore wind and solar photovoltaics in the United States of America. By using publicly available data, we estimated learning-by-deploying rates of 31.4% and 27.6%; and learning-by -researching rates of 2.3% and 4.7% for onshore wind and solar PV, respectively. By adopting a logistic curve approach, an additional $1322 and $819 mil. were forecast to be spent by 2050 in RD&D for onshore wind and solar PV, respectively. We explored the plausible long-term effects of diverse RD&D investment scenarios on electricity generation and greenhouse gas (GHG) emissions using a system dynamics model. The findings reveal that public investment in RD&D for clean energy technologies may play a key role in the pace of capital cost reductions and technology diffusion. However, relatively little long-term effects of RD&D efforts alone were found on market dynamics and GHG emissions.
英文关键词Technological Learning; Learning curve; Energy RD & Clean energy; Innovation diffusion; Knowledge stock
学科领域Economics; Energy & Fuels; Environmental Sciences; Environmental Studies
语种英语
WOS研究方向Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology
WOS记录号WOS:000828175900010
来源期刊ENERGY POLICY
文献类型期刊论文
条目标识符http://gcip.llas.ac.cn/handle/2XKMVOVA/272398
作者单位University of Melbourne; University of Melbourne
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GB/T 7714
Castrejon-Campos, Omar,Aye, Lu,Hui, Felix Kin Peng,et al. Economic and environmental impacts of public investment in clean energy RD&D[J],2022,168:16.
APA Castrejon-Campos, Omar,Aye, Lu,Hui, Felix Kin Peng,&Vaz-Serra, Paulo.(2022).Economic and environmental impacts of public investment in clean energy RD&D.ENERGY POLICY,168,16.
MLA Castrejon-Campos, Omar,et al."Economic and environmental impacts of public investment in clean energy RD&D".ENERGY POLICY 168(2022):16.
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