Energy innovation is the backbone of a sustainable future. By harnessing the power of innovation, we can accelerate the transition to a greener energy future by improving energy efficiency, integrating renewable energy sources, developing energy storage solutions, and ensuring grid flexibility. As the renewable energy is being characterized as a major driver of sustainability, the innovational endeavors need to be directed in this pursuit. Based on this objective, this study explores the impact of energy innovation and education on renewable energy use by controlling the impact of economic growth, financial development, and oil prices for the OECD countries over the period of 1995–2020. The empirical results obtained from second‐generation panel methods indicate that energy innovation and education increase renewable energy use in these countries. Similarly, economic growth, financial development, and oil prices also sure the use of renewable energy. From these results, our study offers number of contributions to the literature, policy, and practice. More specifically, we argue that energy innovation and education can play an important role to increase the use of energy produce from renewable sources. Moreover, financial development can play a key role in the production of renewable energy in the long‐term projects by providing funding. The empirical results obtained from second‐generation panel methods suggest that energy innovation and education play a crucial role in increasing renewable energy use in these countries. Effective policy support is crucial in fostering innovation, promoting clean energy adoption, and creating opportunities for economic growth. Together, we can work toward a greener and more resilient energy future.

中文翻译：

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绿色能源未来：能源创新作为政策驱动力的作用

能源创新是可持续未来的支柱。通过利用创新的力量，我们可以通过提高能源效率、整合可再生能源、开发储能解决方案和确保电网灵活性来加速向绿色能源未来的过渡。由于可再生能源被视为可持续发展的主要驱动力，因此创新努力需要以此为目标。基于这一目标，本研究通过控制1995-2020年期间经合组织国家经济增长、金融发展和石油价格的影响，探讨能源创新和教育对可再生能源使用的影响。第二代面板方法获得的实证结果表明，能源创新和教育增加了这些国家可再生能源的使用。同样，经济增长、金融发展和石油价格也肯定了可再生能源的使用。根据这些结果，我们的研究为文献、政策和实践提供了许多贡献。更具体地说，我们认为能源创新和教育可以在增加可再生能源产品的使用方面发挥重要作用。此外，金融发展可以通过提供资金在长期项目的可再生能源生产中发挥关键作用。第二代面板方法获得的实证结果表明，能源创新和教育在增加这些国家的可再生能源使用方面发挥着至关重要的作用。有效的政策支持对于促进创新、促进清洁能源的采用和创造经济增长机会至关重要。我们可以共同努力，打造更绿色、更有弹性的能源未来。