Innovation Dynamics and Policy in the Energy Sector: Building Global Energy Markets, Institutions, Public Policy, Technology and Culture on the Texan Innovation Example

Innovation Dynamics and Policy in the Energy Sector explores the process and future of global innovation in the energy sector, focusing on the example of Texas. It argues that the positive dynamics of Texas energy sector innovations arise from supportive institutions, technological change management, competitive markets, public policy, intraindustrial collaboration, a cultural focus on change and risk-taking, and natural resource abundance.

Format: Paperback / softback
Length: 400 pages
Publication date: 11 May 2021
Publisher: Elsevier Science Publishing Co Inc

Innovation Dynamics and Policy in the Energy Sector delves into the intricate process and promising future of global innovation within the energy sector, drawing inspiration from the remarkable example of Texas. The book posits that the remarkable strides made in the Texas energy sector can be attributed to a harmonious convergence of factors, including supportive institutions, effective management of technological change, competitive markets, astute public policy, robust intraindustrial collaboration, a culture that values change and risk-taking, and the abundance of natural resources.

The chapters, extensively focused on case studies, explore the fundamental drivers of innovation, spanning from the groundbreaking discoveries at Spindletop to the proliferation of oil production through major field development, the electric sector's deregulation, and the recent breakthroughs in hydraulic fracking, renewable integration, and carbon capture. Through these detailed examinations, the work argues that sustainable global innovation, aimed at addressing the critical challenges of climate change and the energy transition, must be propelled by fostering competition and risk-taking. This dynamic encourages the continuous generation of ideas, which are jointly funded by the public and private sectors and supported by collaborative and competitive institutions.

In conclusion, Innovation Dynamics and Policy in the Energy Sector offers a comprehensive exploration of the factors that drive innovation in the energy sector, highlighting the success of Texas as a leading example. By examining the interplay between supportive institutions, technological management, competitive markets, public policy, collaboration, and a culture of risk-taking, the book provides valuable insights into the future of global innovation in this critical domain.

Weight: 750g
Dimension: 229 x 152 (mm)
ISBN-13: 9780128238134