The Quest for Innovation and Sustainability
- Innovation, Co-operation and Development series
Edited by Wilfred Dolfsma, Geert Duysters and Ionara Costa
Chapter 9: Changing Configuration of Alternative Energy Systems
Radhika Perrot INTRODUCTION The objective of this chapter is to look at how, over the years since the first oil price shock of the 1970s, firms, the government and technologies interacted with each other in both developed countries as well as in emerging economies. Each actor reacted to changes in the other and, as a result of these interactions, changes were observed in the market of alternative energy technologies. With recent surging oil prices and mounting pressures to reduce toxic gaseous emissions, both governments and firms interact with each other to move towards alternative energy solutions. Firms respond to policy measures implemented by the government, while the government on the other hand ensures that their policies stimulate innovation. We will, in part, look at the role played by firms and governments from emerging economies and how through their interaction they are indeed driving the direction of growth of these alternative energy technologies. Alternative energy technologies so discussed here include energy technologies that optimize energy consumption, cleaner energy technologies that reduce the amount of toxic gaseous emissions and renewable energy that sources energy from renewable sources like solar, hydro and wind. It will include renewable energy (energy from all natural sources like wind, solar, water and so forth) and other alternative or cleaner forms of energy like hydrogen and bio-fuels. The formidable task is now on the government to transform the existing fossil fuel energy system into a more sustainable form that consumes less energy or that which sources energy from...
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