Greening the energy future: Role of energy innovation as policy driver

• DOI: 10.1111/1477-8947.12426
• Publication Date: 2024-03-08T10:03:31Z
• Authors: Jin Sheng; Avik Sinha; Sadia Mansoor; Muhammad Wasif Zafar
• Keywords: 0211 other engineering and technologies; 02 engineering and technology

Abstract Energy innovation is the backbone of a sustainable future. By harnessing power innovation, we can accelerate transition to greener energy future by improving efficiency, integrating renewable sources, developing storage solutions, and ensuring grid flexibility. As being characterized as major driver sustainability, innovational endeavors need be directed in this pursuit. Based on objective, study explores impact education use controlling economic growth, financial development, oil prices for OECD countries over period 1995–2020. The empirical results obtained from second‐generation panel methods indicate that increase these countries. Similarly, also sure energy. From results, our offers number contributions literature, policy, practice. More specifically, argue play an important role produce sources. Moreover, development key production long‐term projects providing funding. suggest crucial increasing Effective policy support fostering promoting clean adoption, creating opportunities growth. Together, work toward more resilient