The impact of government-funded renewable energy R&D on its consumption
Publication date
2025-06-11
Document type
Forschungsartikel
Author
Organisational unit
Scopus ID
Publisher
Elsevier
Series or journal
Journal of Policy Modeling
ISSN
Periodical volume
47
Periodical issue
5
First page
903
Last page
918
Peer-reviewed
✅
Part of the university bibliography
✅
Language
English
Keyword
Causality tests
Government-funded renewable energy R&D
Panel cointegration
Public energy R&D expenditures
Renewable energy consumption
Abstract
With the increasing urgency to shift away from fossil fuels, many governments are boosting their funding for renewable energy research and development (R&D). The fundamental premise behind these efforts is that government-funded renewable energy R&D contributes to increased consumption of renewable energy. This paper examines this premise employing panel data from 26 countries between 1974 and 2022. Based on panel cointegration methods and panel causality tests, this study finds robust evidence of a statistically significant positive long-term relationship between government-funded renewable energy R&D and renewable energy consumption. It also identifies unidirectional causality running from the former to the latter.
Version
Published version
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