TY  - GEN
AB  - This paper analyses the impact of green innovation on energy intensity in a set of 14 industrial sectors in 17 OECD countries over the 1975-2005 period. We create a stock of green patents for each industrial sector and estimates a translog cost function to measure the impact of green innovation on energy intensity, next to other factors such as input substitution and autonomous technical change. We find that green innovation has contributed to the decline in energy intensity in the majority of sectors: the median elasticity of energy intensity with respect to green patenting is estimated at -0.03 in our sample. Hence, a 1% increase in green patenting activities in a given sector is associated with a 0.03% decline in energy intensity. The magnitude of the effect is larger in energy-intensive sectors and in more recent years. We also find that the impact of an additional green patent on energy intensity is larger than an average non-green patent. Our results are robust to alternative definitions of patents.
AU  - Wurlod, Jules-Daniel
AU  - Noailly, Joëlle
CY  - Geneva
DA  - 2016
DA  - 2016
ID  - 293915
L1  - https://repository.graduateinstitute.ch/record/293915/files/CIES_RP_42_Noailly-2016.pdf
L1  - https://repository.graduateinstitute.ch/record/293915/files/CIES_RP_42_Noailly-2016.pdf?subformat=pdfa
L2  - https://repository.graduateinstitute.ch/record/293915/files/CIES_RP_42_Noailly-2016.pdf
L2  - https://repository.graduateinstitute.ch/record/293915/files/CIES_RP_42_Noailly-2016.pdf?subformat=pdfa
L4  - https://repository.graduateinstitute.ch/record/293915/files/CIES_RP_42_Noailly-2016.pdf
L4  - https://repository.graduateinstitute.ch/record/293915/files/CIES_RP_42_Noailly-2016.pdf?subformat=pdfa
LK  - https://repository.graduateinstitute.ch/record/293915/files/CIES_RP_42_Noailly-2016.pdf
LK  - https://repository.graduateinstitute.ch/record/293915/files/CIES_RP_42_Noailly-2016.pdf?subformat=pdfa
N2  - This paper analyses the impact of green innovation on energy intensity in a set of 14 industrial sectors in 17 OECD countries over the 1975-2005 period. We create a stock of green patents for each industrial sector and estimates a translog cost function to measure the impact of green innovation on energy intensity, next to other factors such as input substitution and autonomous technical change. We find that green innovation has contributed to the decline in energy intensity in the majority of sectors: the median elasticity of energy intensity with respect to green patenting is estimated at -0.03 in our sample. Hence, a 1% increase in green patenting activities in a given sector is associated with a 0.03% decline in energy intensity. The magnitude of the effect is larger in energy-intensive sectors and in more recent years. We also find that the impact of an additional green patent on energy intensity is larger than an average non-green patent. Our results are robust to alternative definitions of patents.
PB  - The Graduate Institute of International and Development Studies, Centre for International Environmental Studies
PP  - Geneva
PY  - 2016
PY  - 2016
T1  - The impact of green innovation on energy intensity: an empirical analysis for 14 industrial sectors in OECD countries
TI  - The impact of green innovation on energy intensity: an empirical analysis for 14 industrial sectors in OECD countries
UR  - https://repository.graduateinstitute.ch/record/293915/files/CIES_RP_42_Noailly-2016.pdf
UR  - https://repository.graduateinstitute.ch/record/293915/files/CIES_RP_42_Noailly-2016.pdf?subformat=pdfa
Y1  - 2016
ER  -