Abstract
Prior research has shown the importance of innovation policies that promote innovation in renewable energy, such as wind power. We study the impact of the strategic interaction of innovation policies between regional governments in terms of wind energy innovation in China. Based on panel data from 2007 to 2018 on a provincial level in China, we construct an innovation strength index of each province in the wind power industry and investigate the inductive effect of the technology-push policy and the demand-pull policy, as well as their spatial spillover effect on wind energy innovation. The results show that the technology-push policy of local governments has an obvious inductive effect on wind energy innovation in the region, while also having a negative spillover effect through R&D factor competitions between regions with geography proximity or with proximity in the ranking of R&D funds input. In terms of the demand-pull policy, only changes at the national level can produce positive spillover effects by promoting expectations of market growth. Yet, competition between regions with proximity in the ranking of wind energy resource reserves produce negative spillover effects. The findings should have a far-reaching impact on the sustainable development of global wind power.
Highlights
Accepted: 19 February 2022The Paris Agreement focused on the long-term global goal to limit the rise of global temperatures to below 2 degrees, with further aspirations to get it to 1.5 degrees
Based on provincial panel data from China’s wind power industry from 2007 to 2018, this paper studies the inductive effect of the technology-push policy and the demand-pull policy from local governments in terms of green innovation in the wind energy industry
According to the difference of the “spatial” relationship between regions, the spatial model can be divided into two types: the spatial lag model (SLM) and the spatial error model (SEM)
Summary
The Paris Agreement focused on the long-term global goal to limit the rise of global temperatures to below 2 degrees, with further aspirations to get it to 1.5 degrees This required that governments of the world take actions to tackle the temperature rise. The Chinese government has been actively promoting scientific and technological innovation aimed at green development, especially in the field of renewable energy. Since this can lead to economic and environmental benefits, it has become an important aspect of low-carbon economic transformation. The existence of insufficient incentives for the development or promotion of the technology is due to market failure, that is, the market cannot effectively price the externalities of traditional environmental
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