Volatility in federal funding of energy R&D

Funding for Research and Development in any given industry or technology is considered essential to its ongoing competitiveness and longevity. This paper analyzes the allocation of federal R&D funding for energy between 2000 and 2012. The results show that funding for energy R&D is very vola...

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Bibliographic Details
Published in:Energy policy 2014-04, Vol.67, p.943-950
Main Author: Schuelke-Leech, Beth-Anne
Format: Article
Language:English
Subjects:
Applied sciences
Carbon sequestration
Competitiveness
Economic data
Energy
Energy economics
Energy policy
Energy R&D
Exact sciences and technology
Funding
General, economic and professional studies
Industry
Longevity
Nuclear energy
R&D
R&D funding
Research & development
Research and development
Studies
Technology
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Summary:Funding for Research and Development in any given industry or technology is considered essential to its ongoing competitiveness and longevity. This paper analyzes the allocation of federal R&D funding for energy between 2000 and 2012. The results show that funding for energy R&D is very volatile for both the aggregate energy research types, such as coal or nuclear power, and specific research areas, such as carbon capture and sequestration or nuclear waste reprocessing. While overall funding levels are often sources of frustration, budgetary volatility may be as much of a problem. •Funding for different areas of energy research and development varies significantly between 2000 and 2012, reflective of different policy priorities and energy needs.•Budget volatility can be as significant of a problem as overall funding levels.•Research programs may suffer as a consequence of budgetary volatility and resources may be wasted.
ISSN:0301-4215
1873-6777
DOI:10.1016/j.enpol.2013.12.057