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ID: 111355

Energy R&D in private and state-owned utilities: an analysis of the major world electric companies / Sterlacchini, Alessandro

Sterlacchini, Alessandro	Journal Article
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2012.

Summary/Abstract

The last two decades have witnessed a staggering decline of R&D investment in the fields of energy and electricity. This paper contends that this widespread phenomenon is mainly ascribable to the processes of liberalization and privatization of electricity markets, which have induced electric utilities to dramatically reduce R&D expenditures. A closer inspection to recent data concerned with ten major electric companies of the world shows that the drop of research expenditures was particularly strong among the private or newly-privatized companies. Instead, those that remained under public control did not reduce remarkably their R&D efforts. According to the widely recognized need of a surge of energy R&D, the policy implications of the above findings are discussed.

Key Words

Electric utilities ; Energy R&D ; Public and Private Enterprises

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ID: 141187

Escaping oil’s stranglehold : when do states invest in energy security? / Cheon, Andrew; Urpelainen, Johannes

Urpelainen, Johannes	Article
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Summary/Abstract

Modern economies and militaries are fundamentally dependent on oil, but the study of energy security has fallen out of favor in the field of international relations. We develop and test a theory of when and how states invest in energy security. We argue that states implement policies to improve their energy security when they perceive a risk of a militarized dispute and international oil markets are dominated by a small number of Middle Eastern producers. Empirically, we show that industrialized countries with reasons to worry about their security have significantly increased their public investment in energy research and development in response to an increase in the Middle East’s share of the world oil supply.

Key Words

Energy Security ; Middle East ; Energy R&D

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