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ID:
169749
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Summary/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.
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2 |
ID:
168038
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Summary/Abstract |
ENERGY HAS been a fundamental driver of human advancement across millennia. At the simplest level, having more energy—whether in its biological, chemical, thermal mechanical, electromagnetic or other forms—allows individuals and societies to do more. From this perspective, human history and its many contests among nations have in part reflected continuous efforts to develop, control and use energy of one type or another. Consider how Imperial Japan’s lack of oil played a role in its (ultimately self-defeating) efforts to dominate East Asia. Or how the Soviet Union’s energy wealth sustained what might otherwise have been an unsustainable political and economic system.
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3 |
ID:
129915
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