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Technological Change in Service of the Environment

PublicationArticle (without peer review)
Företagandets villkor, Jonas Grafström, miljö, Miljöekonomi, Miljöpolitik, Teknikutveckling
Technological Change in Service of the Environment
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Abstract

The overall purpose of this paper is to briefly outlay and analyze the fundamentals of technological change in the renewable energy sector. Considering the threat of severe consequences of global warming, and policymakers’ desire to focus technological change in renewable energy as one of the solutions, the contribution of this paper lays in its attempt to promote understanding of the technological change process, i.e., the drivers behind it and the possible development patterns for different countries. Such knowledge should enable policy makers to make more efficient decisions.

Grafström, J. (2019). Technological Change in Service of the Environment. IAEE Energy Forum, 2019(1), s 51-54

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An Anatomy of Failure – Wind Power Development in China
Article (with peer review)Publication
Grafström, J.
Publication year

2021

Abstract

China is currently the world’s largest installer of wind power. However, with twice the installed wind capacity compared to the United States in 2015, the Chinese produce less power. The question is: Why is this the case? This article shows that Chinese grid connectivity is low, Chinese firms have few international patents, and that export is low even though production capacity far exceeds domestic production needs. Using the tools of Austrian economics, China’s wind power development from 1980 to 2016 is documented and analyzed from three angles: (a) planning and knowledge problems, (b) unproductive entrepreneurship, and (c) bureaucracy and government policy. From a theoretical standpoint, both a planning problem and an entrepreneurial problem are evident where governmental policies create misallocation of resources and a hampering of technological development.

Ratio Working Paper No. 336 An Austrian economic perspective on failed Chinese wind power development
Working paperPublication
Grafström, J.
Publication year

2020

Published in

Ratio Working Paper

Abstract

China is currently hailed as the world’s premier wind power producer. However, despite twice the installed wind power capacity compared to the United States in 2015, the Chinese installed capacity produces less power. Grid connectivity is remarkably low, Chinese firms have few international granted patents, and export is minimal even though production capacity far exceeds the domestic production needs. Using the tools of Austrian economics, failures in China’s wind power development from 1980-2016 is documented and analysed. From a theoretical standpoint, both a planning problem and an entrepreneurial problem is evident where governmental policies create misallocation of resources and a hampering of technological development.

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