Induced Innovation, Inventors, and the Energy Transition

Arbeitspapier

We study how individual inventors respond to incentives to work on "clean" electricity technologies. Using natural gas price variation, we estimate output and entry elasticities of inventors and measure the medium-term impacts of a price increase mirroring the social cost of carbon. We find that the induced clean innovation response primarily comes from existing clean inventors. New inventors are less responsive on the margin than their average contribution to clean energy patenting would indicate. Our findings suggest a role for policy to increase the supply of clean inventors to help mitigate climate change.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: CESifo Working Paper ; No. 10700

Classification and Topics

• Classification: Wirtschaft ; Innovation and Invention: Processes and Incentives ; Environmental Economics: Technological Innovation ; Energy: General
• Subject: inventors ; energy technology ; induced innovation

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Dugoua, Eugenie ; Gerarden, Todd D.
• Event: Veröffentlichung
• (who): Center for Economic Studies and ifo Institute (CESifo)
• (where): Munich
• (when): 2023

Further information

• Handle: http://hdl.handle.net/10419/282388
• Last update: 10.03.2025, 11:45 AM CET