Specific Features of Innovation in The Fuel and Energy Complex
Corresponding Author(s) : Nabieva Saidakhon Abduvaxabovna
American Journal of Economics and Business Management,
Vol. 8 No. 5 (2025): May
Abstract
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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- K. S. Gallagher, A. Grübler, L. Kuhl, G. Nemet, and C. Wilson, "The energy technology innovation system," *Annual Review of Environment and Resources*, vol. 37, pp. 137–162, 2012.
- J. Markard, "The next phase of the energy transition and its implications for research and policy," *Nature Energy*, vol. 3, no. 8, pp. 628–633, 2018.
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- K. Mukhitdinova and G. Tarakhtieva, "Ensuring sustainable future: the interconnectedness of food safety and environmental health," *E3S Web of Conferences*, vol. 497, p. 03037, 2024, doi: 10.1051/e3sconf/202449703037.
References
K. S. Gallagher, A. Grübler, L. Kuhl, G. Nemet, and C. Wilson, "The energy technology innovation system," *Annual Review of Environment and Resources*, vol. 37, pp. 137–162, 2012.
J. Markard, "The next phase of the energy transition and its implications for research and policy," *Nature Energy*, vol. 3, no. 8, pp. 628–633, 2018.
L. D. Anadon, G. Chan, and A. G. Harley, "The cost of energy innovation: Insights from historic case studies," *Energy Policy*, vol. 92, pp. 262–281, 2016.
A. Grubler, C. Wilson, and G. F. Nemet, "Apples, oranges, and consistent comparisons of the temporal dynamics of energy transitions," *Energy Research & Social Science*, vol. 22, pp. 18–25, 2016.
B. K. Sovacool, "How long will it take? Conceptualizing the temporal dynamics of energy transitions," *Energy Research & Social Science*, vol. 13, pp. 202–215, 2016.
G. C. Unruh, "Understanding carbon lock-in," *Energy Policy*, vol. 28, pp. 817–830, 2019.
J. Pinkse and D. van den Buuse, "The development and commercialization of solar PV technology in the oil industry," *Energy Policy*, vol. 160, p. 112653, 2022.
International Energy Agency, *World Energy Investment 2023*. Paris: IEA, 2023. [Online]. Available: https://www.iea.org/reports/world-energy-investment-2023. [Accessed: May 7, 2024].
M. Mazzucato and G. Semieniuk, "Financing renewable energy: Who is financing what and why it matters," *Technological Forecasting and Social Change*, vol. 127, pp. 8–22, 2018.
F. Polzin, F. Egli, B. Steffen, and T. S. Schmidt, "How do policies mobilize private finance for renewable energy?—A systematic review with an investor perspective," *Applied Energy*, vol. 236, pp. 1249–1268, 2019.
REN21, "New investment in renewable energy worldwide from 2014 to 2023," 2024. [Online]. Available: https://www.statista.com/statistics/186807/worldwide-investment-in-sustainable-energy-since-2004/. [Accessed: May 7, 2024].
The Open University, "Organisations, environmental management and innovation: Innovation and the S-curve," 2024. [Online]. Available: https://www.open.edu/openlearn/nature-environment/organisations-environmental-management-and-innovation/content-section-1.7. [Accessed: May 7, 2024].
BloombergNEF, "Global Clean Energy Investment Jumps 17%, Hits $1.8 Trillion in 2023," 2024. [Online]. Available: https://about.bnef.com/blog/global-clean-energy-investment-jumps-17-hits-1-8-trillion-in-2023-according-to-bloombergnef-report/. [Accessed: May 7, 2024].
K. C. Seto, S. J. Davis, R. B. Mitchell, E. C. Stokes, G. Unruh, and D. Ürge-Vorsatz, "Carbon lock-in: Types, causes, and policy implications," *Annual Review of Environment and Resources*, vol. 41, pp. 425–452, 2016.
RMI, "Harnessing the Power of S-Curves," 2024. [Online]. Available: https://rmi.org/insight/harnessing-the-power-of-s-curves/. [Accessed: May 7, 2024].
Carbon Tracker Initiative, "S-curves in the driving seat of the energy transition," 2024. [Online]. Available: https://carbontracker.org/s-curves-in-the-driving-seat-of-the-energy-transition/. [Accessed: May 7, 2024].
World Economic Forum, "IEA: Clean energy investment must reach $4.5 trillion per year by 2030 to limit global warming to 1.5°C," 2023. [Online]. Available: https://www.weforum.org/stories/2023/09/iea-clean-energy-investment-global-warming/. [Accessed: May 7, 2024].
S. A. Nabieva, "Upravlenie innovatsionnymi proektami v proizvodstvennoi deyatel'nosti predpriyatiya [Management of Innovative Projects in the Production Activities of an Enterprise]," *Nauchno-analiticheskii zhurnal Nauka i praktika Rossiiskogo ekonomicheskogo universiteta im. G.V. Plekhanova* [*Scientific and Analytical Journal Science and Practice of the Russian University of Economics named after G.V. Plekhanov*], vol. 14, no. 2, pp. 126–135, 2022.
S. Nabieva, "Sanʼat korxonalarida innovatsion salohiyatni ragʻbatlantirish [Stimulating innovative potential in industrial enterprises]," *Iqtisodiyot va taʼlim [Economics and Education]*, vol. 23, no. 2, pp. 16–22, 2022.
K. Mukhitdinova and G. Tarakhtieva, "Ensuring sustainable future: the interconnectedness of food safety and environmental health," *E3S Web of Conferences*, vol. 497, p. 03037, 2024, doi: 10.1051/e3sconf/202449703037.