The Role of Governments in Energy Research and Development

Not surprisingly, most Energy Research and Development takes place in industrialized countries where both the public and private sectors are involved in the development of energy technologies. Given that most energy technologies are deployed through the marketplace, the predominant focus of Energy Research and Development is within firms. Still, governments have historically played an important role in the Research and Development of new energy technologies through direct financial support (e.g., gas turbines) as well as through policies that promote Energy Research and Development within firms. (more…)