R&D performance and relevant factors of renewable energy projects: separating innovation and economic perspectives

Int J Environ Sci Technol (Tehran). 2022 Apr 16:1-12. doi: 10.1007/s13762-022-04124-9. Online ahead of print.

ABSTRACT

Many countries, including South Korea, focus on securing renewable energy technologies to cope with climate change and foster new industries. This study analyzed R&D performance and relevant factors through tracking data on the Korean government’s renewable energy R&D project, which ended in 2010-2014. The main findings provide several meaningful information. First, the overall performance of completed projects is relatively low, both innovation and economic perspectives. Second, renewable energy source, R&D organizer, and The R&D stage are relevant factors on R&D performance. The R&D stage significantly influences innovation performance. Lastly, R&D performance is under an imbalance between innovation and economic perspectives. This paper can provide useful information to policy and decision-makers to improve future R&D project performance. In addition, scholars also may refer to related researches. Ultimately, we expect to promote renewable energy R&D projects and help manage their performance.

PMID:35464816 | PMC:PMC9013244 | DOI:10.1007/s13762-022-04124-9

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