Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Innovation and R&D Location: B010 Session Chair: Yangfan Li, Tianjin University | |
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R&D Grants and Clean Tech Innovation: Evidence from the largest EU R&D Program London School of Economics, United Kingdom Meeting decarbonisation targets requires rapid advancements in clean technology. While optimal climate policy theoretically requires R&D subsidies to spur this development, empirical evidence on their efficacy remains scarce. This paper evaluates the clean innovation outcomes of the European Union’s largest R&D framework. Focusing on grants specifically designed to promote clean technologies, I employ a Doubly Robust staggered difference-in-differences estimator to identify their effect on both green and general technological progress. I find that, on average, these grants do not stimulate innovation. However, among first-time patenting firms, funding increases general patenting activity, though not specifically in clean technologies. These findings suggest the program is ineffective at steering innovation toward the targeted green direction, lending support to current political discussions advocating for a change in the EU R&D approach. | |