Survival Of The Greenest: Evolutionary Economics And Policies For Energy Innovation, Environ. Sc.
This paper aims to explore the possible contribution of evolutionary economics to environmental policy-making, in particular with respect to innovations in energy technology. Evolutionary economics offers insights into the mechanisms that underlie innovations, structural changes and transitions, therefore making it of great value in framing policies aimed at stimulating environmental innovations and transitions to sustainable development. (...) We conclude that in order to incorporate the core concepts of evolutionary economics, governmental technology policies should focus more on the diversity of technologies, strategies and businesses, rather than on economic efficiency as the key goal. (...)