Convergence in renewable energy innovation and factors influencing convergence club formation

Basit Öğe Kaydı
dc.authorid0000-0001-5518-188Xen_US
dc.contributor.authorPınar, Mehmet
dc.date.accessioned2024-04-04T09:04:32Z
dc.date.available2024-04-04T09:04:32Z
dc.date.issued2023-12-23
dc.description.abstractInnovation and adaptation of renewable energy technologies significantly reduce carbon dioxide (CO2) emissions and increase energy efficiency. Understanding the convergence patterns in renewable energy innovation will enable policymakers to design policies to increase energy efficiency and renewable energy consumption and reduce CO2 emissions. This paper applies the convergence algorithm proposed by Philips and Sul to assess the convergence in renewable energy innovation for 90 countries covering the period between 1993 and 2018. This paper also examines the determinants/factors driving the convergence clubs of the countries using Probit and Logit regression. The convergence analyses suggest that there is no global convergence in renewable energy innovation. Findings highlight two convergence clubs: i) a club comprising more innovative countries and ii) another club that includes less innovative countries. We find that countries with higher income per capita, CO2 emissions per capita, research and development (R&D) investment, better environmental regulations and stronger institutional settings are more likely to be part of the innovative club. Countries should increase their R&D investment and environmental regulations and improve their institutional quality to increase their likelihood of belonging to a more innovative club. Furthermore, less innovative countries could promote policies to transfer renewable energy technologies from innovative countries.en_US
dc.fullTextLevelFull Texten_US
dc.identifier.doi10.1016/j.renene.2023.119607
dc.identifier.issn1879-0682
dc.identifier.issn0960-1481
dc.identifier.scopus2-s2.0-85178309378en_US
dc.identifier.urihttps://hdl.handle.net/11411/5246
dc.identifier.urihttps://doi.org/10.1016/j.renene.2023.119607
dc.identifier.wosWOS:001121220900001en_US
dc.identifier.wosqualityQ1en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.nationalInternationalen_US
dc.numberofauthors1en_US
dc.publisherPERGAMON-ELSEVIER SCIENCE LTDen_US
dc.relation.ispartofRENEWABLE ENERGYen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectenergyen_US
dc.subjectGreen technologiesen_US
dc.subjectGreen innovationen_US
dc.subjectConvergenceen_US
dc.subjectConvergence clubsen_US
dc.titleConvergence in renewable energy innovation and factors influencing convergence club formation
dc.typeArticle
dc.volume220en_US

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