Bringing rigour to energy innovation policy evaluation
Clean energy innovation is pivotal for low-cost energy sector decarbonization. Substantial public research and development funding is spent on energy innovation. Generating more evidence on which support mechanisms most effectively drive clean energy innovations, and why, could improve their design...
| Main Authors: | , , |
|---|---|
| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
Springer Science and Business Media LLC
2021
|
| Online Access: | https://hdl.handle.net/1721.1/135299 |
| _version_ | 1826217039791915008 |
|---|---|
| author | Pless, Jacquelyn Hepburn, Cameron Farrell, Niall |
| author2 | Sloan School of Management |
| author_facet | Sloan School of Management Pless, Jacquelyn Hepburn, Cameron Farrell, Niall |
| author_sort | Pless, Jacquelyn |
| collection | MIT |
| description | Clean energy innovation is pivotal for low-cost energy sector decarbonization. Substantial public research and development funding is spent on energy innovation. Generating more evidence on which support mechanisms most effectively drive clean energy innovations, and why, could improve their design moving forward. In this Perspective, we discuss five challenges that researchers often face when attempting to rigorously evaluate energy innovation policies and public subsidy programmes. We recommend solutions, such as developing new innovation outcome metrics that consider unique features of the energy sector and building databases that cover long time periods. We also suggest that researchers and funding agencies work together to implement randomized control trials or conduct quasi-experimental evaluation of existing programmes and policies wherever possible. |
| first_indexed | 2024-09-23T16:57:06Z |
| format | Article |
| id | mit-1721.1/135299 |
| institution | Massachusetts Institute of Technology |
| language | English |
| last_indexed | 2024-09-23T16:57:06Z |
| publishDate | 2021 |
| publisher | Springer Science and Business Media LLC |
| record_format | dspace |
| spelling | mit-1721.1/1352992023-01-10T18:56:59Z Bringing rigour to energy innovation policy evaluation Pless, Jacquelyn Hepburn, Cameron Farrell, Niall Sloan School of Management Clean energy innovation is pivotal for low-cost energy sector decarbonization. Substantial public research and development funding is spent on energy innovation. Generating more evidence on which support mechanisms most effectively drive clean energy innovations, and why, could improve their design moving forward. In this Perspective, we discuss five challenges that researchers often face when attempting to rigorously evaluate energy innovation policies and public subsidy programmes. We recommend solutions, such as developing new innovation outcome metrics that consider unique features of the energy sector and building databases that cover long time periods. We also suggest that researchers and funding agencies work together to implement randomized control trials or conduct quasi-experimental evaluation of existing programmes and policies wherever possible. 2021-10-27T20:22:51Z 2021-10-27T20:22:51Z 2020 2021-02-17T17:32:25Z Article http://purl.org/eprint/type/JournalArticle https://hdl.handle.net/1721.1/135299 en 10.1038/S41560-020-0557-1 Nature Energy Creative Commons Attribution-Noncommercial-Share Alike http://creativecommons.org/licenses/by-nc-sa/4.0/ application/pdf Springer Science and Business Media LLC Other repository |
| spellingShingle | Pless, Jacquelyn Hepburn, Cameron Farrell, Niall Bringing rigour to energy innovation policy evaluation |
| title | Bringing rigour to energy innovation policy evaluation |
| title_full | Bringing rigour to energy innovation policy evaluation |
| title_fullStr | Bringing rigour to energy innovation policy evaluation |
| title_full_unstemmed | Bringing rigour to energy innovation policy evaluation |
| title_short | Bringing rigour to energy innovation policy evaluation |
| title_sort | bringing rigour to energy innovation policy evaluation |
| url | https://hdl.handle.net/1721.1/135299 |
| work_keys_str_mv | AT plessjacquelyn bringingrigourtoenergyinnovationpolicyevaluation AT hepburncameron bringingrigourtoenergyinnovationpolicyevaluation AT farrellniall bringingrigourtoenergyinnovationpolicyevaluation |