State Enterprises (SOEs) and Clean Energy Innovation

Part of the Energy Innovation and Digital Technology project

State enterprises (SOEs) spend more than three times the level of direct government investment in energy RD&D. However, to date, many SOEs continue to allocate their RD&D to fossil energy due to a strong path dependence. Reforming SOE expenditures to move away from fossil fuels could have a major impact on global energy technology trajectories. In this research, we study comparatively the approach of different SOEs from around the globe and their responses to the energy transition.