Financing energy innovation: The role of financing constraints for directed technical change from fossil-fuel to renewable innovation

The Economics Department of the European Investment Bank provides economic analysis and studies to support EIB operations and to help define its positioning, strategy and policy. The Economics Department is a team of 25 economists and staff, under the responsibility of the Director Debora Revoltella.

EIB Working papers allow guest authors to explore particular topics in depth, often relating to the annual EIB Economics Conference publication.

Addressing both the challenge of climate change and the world’s growing energy needs will only be possible by achieving a breakthrough in clean technologies in order to deliver safe, clean and sustainable energy for future generations.

Such a large-scale technological transition will require massive investments in research and development (R&D) of clean energy production. Within the sector of electricity generation, renewable (REN) energy technologies, such as solar, wind or geothermal energy, can provide a clean alternative to electricity produced from carbon-intensive fossil-fuels (FF).

Nonetheless, private firms’ investments in advancing innovation for renewable energy technologies face important challenges.

• Primary Source

EIB: Publications: Economic Research: Working Papers http://www.eib.org/infocentre/publications/all/economic-research/working-papers.htm

EIB: Publications: Economic Research http://www.eib.org/infocentre/publications/all/economic-research/index.htm

---