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Decreasing R&D expenditures in the European energy industry and deregulation

Abstract : Since the middle of the 80s, particularly in Europe, the public energy R&D expenditures have noticeably slowed down. Meanwhile, the European deregulation of energy network activities and the consecutive restructuring of energy sectors has led companies to significantly reduce their R&D investments. What will be the consequences of the public and private declines in energy R&D on the output of new technical knowledge? We suggest that the private energy R&D restructuring might in the long term favour the exploitation strategies of companies to the detriment of their exploration strategies. We also examine whether specific incentives – intended to correct the present trend of energy R&D – have been and or should be implemented by the leading European countries.
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Submitted on : Monday, April 3, 2017 - 5:12:33 PM
Last modification on : Wednesday, August 5, 2020 - 3:18:04 AM

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  • HAL Id : hal-01500859, version 1

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Benoît Sévi, Olivier Grosse. Decreasing R&D expenditures in the European energy industry and deregulation. Journal of Energy and Development, International Research Center for Energy and Economic Development, 2013, 38 (2), pp.157-188. ⟨hal-01500859⟩

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