Energy Efficiency Determinants: An Empirical Analysis of Spanish Innovative Firms
By M. T. Costa-Campi, J. García‐Quevedo, A. Segarra. 2015
186 citations recorded by the source corpus.
This paper examines the extent to which innovative Spanish firms pursue improvements in energy efficiency (EE) within their innovation objectives. The increase in energy consumption and its impact on greenhouse gas emissions justifies the greater attention being paid to energy efficiency and especially to industrial EE. The ability of manufacturing companies to innovate and improve their EE has a substantial influence on reaching the objectives regarding climate change mitigation. Despite the effort to design more efficient energy policies, the EE determinants in manufacturing firms have been little studied in the empirical literature. From an exhaustive sample of Spanish manufacturing firms and using a probit model, we examine the energy efficiency determinants to those firms that have innovated. To carry out the econometric analysis, we use a panel data coming from CIS (Community Innovation Survey) for the period 2008-2011 that includes 4,458 manufacturing firms. Among firm characteristics, the empirical results underline the importance of size in facilitating the adoption of technology that improves energy efficiency; while among the factors related to companies’ behavior, the favorable influence of organizational innovations and innovations related with the reduction of environmental impacts stand out as the main factors in carrying out innovations with the objective of increasing energy efficiency.
Subfields: Building and Construction, Environmental Engineering, Renewable Energy, Sustainability and the Environment
View Paper: https://www.semanticscholar.org/paper/3526cac032b8e1ed5e44ae8d2c9bd1726c49cbe8
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In Building and Construction
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In Renewable Energy, Sustainability and the Environment
- David Popp
- Richard G. Newell
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Citations in the corpus
- Financial constraints and public funding of eco-innovation: empirical evidence from European SMEs (2018, background): “…empirical evidence on the effectiveness of subsidies (and tax incentives) to promote green innovations is not conclusive (Horbach et al., 2012; Costa et al., 2014), even if some authors have indeed confirmed that public subsidies drive the development of eco-innovations (Luiten and Block,…”
- Environmental Policy and Innovation: A Decade of Research (2019, methodology): “Costa-Campi et al. (2015) use survey data spanning 2008-2011 from the Technological Innovation Panel (PITEC), which provides data on Spanish firms to determine factors encouraging these firms to pursue energy efficient innovation.”