Articles

Innovation Policy and the Transition of Energy System

Chen Zhi, Jiang Aping

Abstract

Energy systems are deeply embedded in the network of economy, institution and infrastructure. Consequently, a fundamental transition from the present hydrocarbon energy system to a low-carbon energy system will require radical innovation processes. In turn, innovation policy should take into account the systemic character of innovation. This paper provides a brief overview of the current energy system and market development. By using the approach of innovation system theory we analyze the dynamics of several emerging systems, and identify the key activities with main system failures. We will develop a more systemic innovation policy portfolio that aims to improve innovation performance through greater coordination.

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