Innovation and Its Impact on Climate Change

Letters & Science (College of) / Economics

Project Description

Innovation in the electricity sector has resulted in new and improved renewable technologies like wind turbines and solar panels. Unfortunately, their use in electricity generation is still modest because they generate electricity intermittently. For example, solar panels can only generate electricity when the sun is shining. Overcoming the intermittency problem of renewable energy is critical for their expansion and to curb global carbon emissions. Both policy makers and scientists point to electricity storage as the remedy for this problem. The goal of our project is to study how innovation in new technologies affect the use of renewable energy technologies.