Specific Features of Innovation in The Fuel and Energy Complex
DOI:
https://doi.org/10.31150/ajebm.v8i5.3607Keywords:
energy innovation; fuel and energy complex; technology adoption; S-curve; regulatory framework; path dependency; energy transition; renewable energy; innovation barriers; capital intensityAbstract
In this article analyzes the distinctive features of innovation processes in the fuel and energy complex (FEC) and the analysis reveals how these features create a unique innovation landscape that differs significantly from other sectors. The article explores these dynamics through the lens of technology S-curves, supported by empirical data on global clean energy investment patterns. The result of research highlights the need for targeted policies and strategic approaches that account for the sector's distinctive innovation features.
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