Energy transition and technological innovation: do enabling technologies facilitate the energy transition in emerging and developing countries (EMDCs) ?
Résumé
As well as issues relating to climate change, the last decade has also seen a number of other issues relating to energy security and economic competitiveness, which have given rise to considerable international concern. For this reason, and due to rising fossil fuel prices and depletion, the gradual transition to renewable energy sources is now accepted as one of the possible solutions for limiting environmental risks without compromising economic progress.
Nevertheless, because of their dependence on weather conditions, it should be stressed that renewable sources are intermittent, which reveals certain limitations. To overcome this problem of intermittence, technological innovation is likely to help the transition process, based on more efficient use of renewable resources. The aim of this study is to examine the contribution of technological innovation to the energy transition process in ten emerging and developing countries (EMDCs) over the period 2000-2020. Using Lewbel's (2012) instrumental variable (IV) estimator, the results of this study reveal that technological innovation is expected to facilitate the energy transition process in the selected countries.
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