Planning the R&D of marine renewable energy resources: avoiding bottlenecks and ensuring sustainable development in developing marine economies

Xueyin Ou, Penghao Ye, Pierre Failler, Antaya March

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Abstract

Planning for the research and development (R&D) of renewable energy resources (RERs) has not received enough attention. This paper aims to study the planning for the R&D of RERs in order to avoid bottlenecks and ensure sustainable development in developing marine economies. We have established a triple difference model (DDD) model and a wise pig game model between the theoretical government and enterprise. The data on RERs come from the World Bank and International Energy Agency databases. We have three contributions on the basis of distinguishing between mature and immature marine RERs technologies. First, it emphasizes the importance of developing R&D planning for marine RERs immature technology in the future. Second, the DDD model is used to empirically establish whether RERs planning has a significant positive impact on RERs’ output, which explains the importance of existing RERs planning. Third, the wise pig game model is used to analyze the welfare benefits to the government brought by the R&D planning of marine RERs which proves the importance of future RERs R&D planning.
Original languageEnglish
Article number654566
Pages (from-to)1-18
Number of pages18
JournalFrontiers in Environmental Science
Volume9
Issue numberMarch 2021
DOIs
Publication statusPublished - 25 Mar 2021

Keywords

  • Marine Renewable Energy Resources
  • avoiding bottlenecks
  • developing marine economies
  • planning R&D
  • Difference in difference in difference

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