Abstract
With the intensive consumption and price rising of traditional fossil fuels, the development and utilization of renewable energy has attracted worldwide attention. Meanwhile, due to enhanced energy constraints and increasingly grim greenhouse gases, many countries all over the world have been developing renewable energy technologies to promote sustainable growth economically. Intellectual property rights (IPR) policy linked to renewable energy provides institutional guarantee for the development of renewable energy industry and technology. This study works to test the performance of IPR policies of renewable energy industry in China. We employed Cobb-Douglas production function and built on a quantitative policy indicator measurement system over the period from 2004 to 2013 to evaluate the impact of IPR policy of renewable energy industry on innovation and market development in China, which provides an all-round study on the IPR system by clearing up all IPR policy system that is related to the renewable energy industry. The results of Multiple Regression Models indicated that the current IPR policy of renewable energy industry are disconnected from China’s reality because the innovation ability of the renewable energy industry has not been improved rapidly and that both the market transformation ability and market prospect of new energy technology patents are weak.
Highlights
Global greenhouse gas emissions must be curbed before 2020 if the rise in the global average temperatures is to be kept below 2 ◦C, and irreversible hazards are prevented
Have the intellectual property rights (IPR) policy of renewable energy industry been demonstrated to be successful with respect to performance measures, and has renewable energy industry attained its expected goal? In this paper, we find evidence that the current IPR policy of renewable energy industry are disconnected from China’s reality because the innovation ability of renewable energy industry has not been improved rapidly, and Sustainability 2018, 10, 2097 both the market transformation ability and market prospect of renewable energy technology patents are weak
We evaluate IPR policy performance of the renewable energy industry in China through an examination of the effect of policies on innovation and marketization
Summary
Global greenhouse gas emissions must be curbed before 2020 if the rise in the global average temperatures is to be kept below 2 ◦C, and irreversible hazards are prevented. In order to carry out a profound study of the effects on the economic performance of renewable energy industry from the perspective of IPR policy, such as their types, goals, measures, and relevancy, with borrowing the method of Gray [22] and Thrainn [30], this research introduces the policy variables into the Cobb-Douglas production function and establishes the following measurement model. Models presented by means of Equations of (2)–(6) can explore the technical and economic performance of renewable energy industry based on policy number, legal hierarchy of the policy, policy relevancy, policy goals and policy measures, respectively, and TP represents the economic performance of renewable energy industry where the marketization index refers to technologies with licenses. As the marketization index and the granted patents are the outputs of economy, they are regarded as the performance of renewable energy industry
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