Energy efficiency determinants: An empirical analysis of Spanish innovative firms

Energy Policy, Volume 83, August 2015, Pages 229–239.

María Teresa Costa-Campi1, José García-Quevedo2, Agustí Segarra3

  1. Department of Public Economics, Chair of Energy Sustainability and Barcelona Institute of Economics (IEB), University of Barcelona, Av/Diagonal 690, 08034 Barcelona, Spain
  2. Department of Public Economics, Chair of Energy Sustainability and Barcelona Institute of Economics (IEB) University of Barcelona, Spain
  3. GRIT, CREIP, Rovira i Virgili University, Spain

 

Abstract

This paper examines the extent to which innovative Spanish firms pursue improvements in energy efficiency (EE) as an objective of innovation. The increase in energy consumption and its impact on greenhouse gas emissions justifies the greater attention being paid to energy efficiency and especially to industrial EE. The ability of manufacturing companies to innovate and improve their EE has a substantial influence on attaining objectives regarding climate change mitigation. Despite the effort to design more efficient energy policies, the EE determinants in manufacturing firms have been little studied in the empirical literature. From an exhaustive sample of Spanish manufacturing firms and using a logit model, we examine the energy efficiency determinants for those firms that have innovated. To carry out the econometric analysis, we use panel data from the Community Innovation Survey for the period 2008–2011. Our empirical results underline the role of size among the characteristics of firms that facilitate energy efficiency innovation. Regarding company behaviour, firms that consider the reduction of environmental impacts to be an important objective of innovation and that have introduced organisational innovations are more likely to innovate with the objective of increasing energy efficiency.

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