Analysing energy innovation portfolios from a systemic perspective

Kim, Yeong Jae and Wilson, Charlie (2019) Analysing energy innovation portfolios from a systemic perspective. Energy Policy, 134. ISSN 0301-4215

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Abstract

A systemic perspective on energy innovation is required to design effective portfolios of directed innovation activity. We contribute a standardised set of technology-specific indicators which describe processes throughout the energy technology innovation system, ranging from patents and publications to policy mixes, collaborative activity, and market share. Using these indicators, we then conceptualise and develop benchmark tests for three portfolio design criteria: balance, consistency, and alignment. Portfolio balance refers to the relative emphasis on specific technologies. Portfolio consistency refers to the relative emphasis on related innovation system processes. Portfolio alignment refers to the relative emphasis on innovation system processes for delivering targeted outcomes. We demonstrate the application of these benchmark tests using data for the EU's Strategic Energy Technology (SET) Plan which spans six technology fields. We find the SET Plan portfolio generally performs well particularly in areas over which portfolio managers have direct influence such as RD&D funding. However we also identify potential areas of imbalance, inconsistency, and misalignment which warrant further attention and potential redress by portfolio managers. Overall, we show how energy innovation portfolios can be analysed from a systemic perspective using a replicable, standardised set of measures of diverse innovation system processes.

Item Type: Article
Additional Information: Kim, Y.J., Wilson, C., 2019. Analysing energy innovation portfolios from a systemic perspective. Energy Policy 134, 110942. https://doi.org/10.1016/J.ENPOL.2019.110942 Corrigendum at 10.1016/j.enpol.2019.111148
Uncontrolled Keywords: energy innovation system,indicator,portfolio,eu set plan
Faculty \ School: Faculty of Science > School of Environmental Sciences
Faculty of Science > Tyndall Centre for Climatic Change
Depositing User: LivePure Connector
Date Deposited: 27 Aug 2019 13:30
Last Modified: 11 Jun 2020 01:14
URI: https://ueaeprints.uea.ac.uk/id/eprint/72051
DOI: 10.1016/J.ENPOL.2019.110942

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