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Drivers of Energy R&D in Manufacturing Industries

Abstract:
Energy R&D can have major social and economic impacts and is a critical factor in addressing the challenges presented by climate change mitigation policies. As well as the energy utilities themselves, firms in other sectors also invest in energy R&D; however, while various studies have examined the determinants of R&D in the former, there are no analyses of energy R&D drivers in other industries. This paper seeks to fill this gap by examining the determinants of investment in energy R&D in non-energy industries. We focus on manufacturing industries where we can differentiate between energy and non-energy R&D related expenditure. The empirical analysis is carried out for 21 sectors in Spain for the period 2008-2013. To overcome data shortcomings, we built a database from several surveys. The data show the importance of taking into account the efforts devoted to energy R&D by the manufacturing sectors in order to have more complete information about the total investment made in energy R&D. The results of the estimations indicate the importance of the energy R&D developed by firms that supply the energy utilities.
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Keywords: Energy R&D, energy demand, energy efficiency, panel data

DOI: 10.5547/2160-5890.8.2.mcos


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Published in Volume 8, Number 2 of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.