The EU ETS is the main instrument of European climate policy, and many policymakers envisage it as a driving force of the EU’s transition to a low-carbon economy. By putting a price on emissions, the scheme is expected to encourage heavy polluters to develop new low-carbon technologies. At first glance it is encouraging to notice, then, that patenting for low-carbon technologies has surged in Europe since 2005. When analyzing new data we find compelling evidence that the EU ETS has indeed encouraged regulated companies to develop new low-carbon technologies, but this effect is concentrated among too few companies to account for the surge in low-carbon patenting.
The Energy Policy Act of 2005 requires FERC to publish an annual account of advancements in smart metering and demand response programs in the US, the latest of which was published in Dec 2012. It is a comprehensive survey of 3,349 “entities,” all but a handful considered “utilities” of one form, shape, or size. Over 1,900, roughly 60%, responded – not bad as survey participation rates go. The sheer number of active entities in this space is simply mind-boggling and may explain why it is difficult to get things done, whether it is demand response or anything else.
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