Transforming the global energy system in line with global climate and sustainability goals calls for rapid uptake of renewables for all kinds of energy use. Thermal energy storage (TES) can help to integrate high shares
Energy storage breakthroughs can lead to better batteries for electric vehicles, making them more attractive to consumers by reducing their costs and increasing their range. Because advances in energy storage could have spillover effects to multiple sectors, public sector R&D will play a more important role in coming years.
This study investigates the impact of digital transformation on green innovation in China''s manufacturing sector—a leading energy-consuming industry, using panel data and employing a two-way fixed-effects model alongside a spatial Durbin model. The findings reveal a significant positive relationship between digitalization and green innovation in energy
The merger–innovation nexus has been well studied in the theoretical literature, but empirical evidence, particularly on the spillover impacts of innovation, is limited. Merger decisions are influenced by a series of macroeconomic and behavioural factors; however, internalizing innovation spillovers and keeping a competitive edge may also explain merger
The energy storage sector has the largest network node in the downstream market, which is considered to be the largest source of risk in the short term. (2) The risk spillover roles of new energy sectors vary across different time scales (Huang et al., 2023, Mensi et al., 2023). For example, photovoltaics act as risk receivers and new energy
In China''s evolving landscape of high-quality development, characterized by a shift toward greener and lower-carbon practices, green innovation plays an essential role. Among the determinants shaping green innovation, demand factors play a pivotal role in driving its progress. Drawing on the theory of demand-induced innovation, this study utilized panel data
This paper shows that technology shocks have the largest impact when industries adopt innovations of other industries at a high rate, if costs of adopting technologies and adjusting R&D expenditures are low, and if innovators face more competition. It is not the level but the spillover of innovations across industries that is key for these results. Under the
The European Union (EU) countries have declared the ambitious goal of providing carbon-free economic development. Considering this, the EU countries are going to pursue relevant policies for a step-by-step refusal of mining and coal energy, consequently reducing greenhouse gas emissions. The analysis of the theoretical background showed that
As the concept of balancing environmental protection and maintaining sustainable economic development has been widely recognized, the green bond is assuming an increasingly significant role within China''s financial market. We utilize the data from China''s A-share listed enterprises that issued bonds in the period 2010 to 2021 and try to examine whether and how
For instance, mitigating climate change requires a fundamental shift in the rate and direction of technological change in the energy sector (IEA, 2015). Many countries have enacted technology policies to support innovations in specific low-carbon energy technologies—such as photovoltaic and wind power, or electricity storage (REN21, 2016).
Innovation quality is the influence of innovation output on the embodiment of innovation performance (Tseng and Wu, 2007, Liu and Buck, 2007, Lahiri, 2010, Chin et al., 2021). 1 In China, improving innovation quality has become critical part of implementing the strategy of innovation-driven development.According to the Global Innovation Index 2018, 2
Knowledge flows play an important role in (low-carbon) innovation. Existing literature shows that innovators build on the knowledge in their own country but also source knowledge from foreign inventor when they push the frontiers of their own knowledge [1] novations in low-carbon technologies benefit from intertemporal knowledge spillovers [2]
A more thorough assessment of international knowledge spillover related to energy intensity reduction can enhance understanding of mitigation opportunities and costs. This study investigated, therefore, the effects of technological innovation within certain countries on the energy efficiency performance of neighboring countries.
The spillover is realized through improvements in energy efficiency, the promotion of renewable energy, and support for innovations. In addition, legislative policies are found to have stronger
Our model combines information on both market demand and technological opportunity including energy prices, past innovation, spillover effects, electricity consumption, generation capacity, and R&D spending. examine the impact of demand- and supply-pushed policies on energy storage innovation using international panel data. For a given
Given the threats to international energy security and the restructuring of energy sources in various countries, China faces the dual challenge of achieving the goals of carbon peaking and carbon neutrality. To promote a reduction in carbon emissions and enhance carbon productivity, it is crucial to innovate renewable energy technology for long-term, low-carbon
Sun et al. 19 evaluated the energy efficiency of 24 countries from 1994 to 2013 and noted that the spillover effects of technological innovation improve the energy efficiency of specific
As the green bond market in China develops and its institutional structure improves, the green bond has emerged as a pivotal element within the broader framework of the green financial system. We focus on bond issuers in China''s A-shares from the years 2010 to 2021 and explore green bond issuance and the spillover effect of green technology innovation
Research on the Spillover Effect of Different Types of Technological Innovation on New Energy Industry: Taking China''s Solar Photovoltaic as an Example May 2023 Sustainability 15(10):8067
Regional green technological progress is an important driver of regional green technology innovations. To explore in depth the impact of green finance and international technology spillover on regional green technology innovation, this study incorporates green finance, international technology spillover, and green technology innovation into the same
According to the International Energy Agency [1], Based on the theories of technological innovation diffusion and knowledge spillover, high AI-level cities can influence the EE of nearby cities through technology sharing and knowledge diffusion. However, Model (1) results show that in the W2 and W3 matrices, AI''s regression coefficients are
To analyze the role of interregional green technology innovation spillover on energy intensity, we rely on the following econometric model: (3) Model 1 ln EI it = β 1 ln GTS it + r X it + u i + λ t + e it where i = 1, , N and t = 1, , T
This research paper examines the spillover effect of ESG performance on green innovation behavior in companies within the same industry. The study specifically focuses on listed companies on the Shanghai Stock Exchange and Shenzhen Stock Exchange between 2011 and 2020. The results indicate that peer firms with superior environmental, social, and
Energy technology innovation is the necessary way and fundamental means to lead, promote, and support the revolution of energy production and consumption. While natural hazards, as an unavoidable external risk in the long-term development of human society, may affect the regional energy innovation level. In this study, we use the SDM bifixed model to
The global energy landscape is undergoing an unprecedented transformation with the rapid development of clean energy and the continued significance of traditional energy creating a complex dynamic relationship. This study employs the TVP-QVAR-DY model to systematically examine the dynamic spillover effects between clean and traditional energy
Technological innovation has always played a very important role in the development of new energy industries. This paper takes the solar photovoltaic industry as an object of study, taking into account the diffusion of technological advances and the different roles of different technological innovations, and uses a spatial econometric SDM model to analyze
The spatial spillover effect is an important research object in the fields of regional economics and urban planning, which plays an important guiding role in formulating policies and planning urban development (Wu et al. 2022).The spillover effect refers to the impact of an economic or social behavior that extends beyond the area or group in which the behavior
If u it = 0, EE = 1 indicates that the production activities of the decision-making unit are at the frontier and effective. If u it > 0, EE < 1 indicates that the decision unit production activities are below the frontier and ineffective; there is a certain loss of efficiency. L, K, and E represent the input elements of the labor force, capital, and total energy consumption,
The objective of this study is to examine the impact of international research and development (R&D) spillovers on innovation efficiency of specific R&D outcomes, employing the country-level panel data for 44 countries in the 1996–2013 period. Fully considering the heterogeneity of different R&D outputs, scientific papers, PCT (Patent Cooperation Treaty) patents, US patents,
1 How technology spillovers contribute to clean energy innovation? Sergey Kolesnikov1, Anna P. Goldstein2, Gabriel Chan3, Venkatesh Narayanamurti4, Laura Diaz Anadon1,4 1 University of Cambridge, Cambridge, United Kingdom 2 University of Massachusetts Amherst, Amherst, MA, United States 3 University of Minnesota, Minneapolis, MN, United States 4 Harvard University,
The impact of digital economy spillover on energy saving and emission reduction varies and shows heterogeneous characteristics. from an innovation perspective, the spillover of the digital economy is studied. Innovation spillovers refer to the promotion of micro-level corporate innovation, medium-scale industrial innovation, and regional
Agricultural clusters play a powerful role in promoting the agricultural transformation and rejuvenation of rural areas. However, no in-depth exploration has been made on how agricultural clusters form and evolve, especially in the context of China''s long-term small-scale rural economy. The purpose of this article is to reveal the formation process and
As the photovoltaic (PV) industry continues to evolve, advancements in international energy storage innovation spillover have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.
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