PNNL

Abstract

This paper analyzes long-term trends in energy R&D investment in the industrialized world using data gathered by the International Energy Agency. While energy R&D investment declined sharply and steadily from 1980 to the mid-1990s, investment then stabilized and has remained essentially flat in the ensuing years. This development raises important questions about future energy R&D needs, particularly in the light of growing concerns about global climate change. While energy R&D investment increases may be necessary to respond effectively to climate change, the authors encourage policy makers to consider important distinctions between the nature of the this problem and the energy crises of the 1970s that initially spurred the growth of the energy R&D enterprise. Key differences in the contemporary environment may necessitate modifications to public sector energy R&D investment strategies.