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Public investments in research, development, demonstration, and deployment in energy systems are crucial for accelerating the adoption of new energy technologies that can support a low-carbon just energy transition and promote the fair and equitable distribution of benefits and costs, improving social equity. However, the impact of energy innovation funding on social equity through progressing the just energy transition has not been explored in prior research for advanced economies. Thus, this research quantitively examines how energy innovation funding affects social equity in 23 developed economies for the period of 1995–2020. Employing a fixed effect, augmented mean group, and a system-generalized method of moments technique along with a mediating model, this study finds that increasing energy innovation funding significantly improves social equity directly as well as indirectly via accelerating energy justice in advanced economies. Therefore, proper allocation and utilization of public energy innovation budgets are necessary to promote clean energy technologies, advance the just energy transition, and improve social equity, inclusion, and community engagement. This study emphasizes the importance of policy interventions that promote a just energy transition and energy innovation funding to build resilient and inclusive energy systems that improve social equity while achieving Sustainable Development Goal 7, affordable and clean energy. • Energy innovation funding is crucial for sustainable, equitable energy systems. • Just energy transition and social equity are positively linked. • Energy innovation funding impacts social equity via just energy transition. • Combining just energy transition and energy innovation funding can promote social equity. • Policy interventions promoting just energy transition are crucial for social equity. [ABSTRACT FROM AUTHOR]

This study investigates the impact of effective energy policy interventions on reducing energy poverty in the emerging nations of the Asia-Pacific (APAC) region. Existing literature lacks a detailed investigation into the connection between energy policy and sustainable energy development for addressing energy poverty. Consequently, this work explores the dynamics of energy policy interventions in alleviating energy poverty in 42 emerging economies in the APAC region by engaging enhanced econometric approaches and panel estimates covering the period of 2000–2019. Analyzing the accessibility of energy, clean cooking fuel and technologies, and energy consumption level, this paper investigates energy poverty from a macro standpoint considering energy policy interventions in APAC emerging nations. The results suggest that energy policies, comprising laws, regulations, and strategies, are negatively associated with energy poverty. Among these, well-planned, forward-looking strategies are more successful in alleviating energy poverty. The implications of this study provide a framework for formulating necessary energy policies to realize the Sustainable Development Goals (SDGs), particularly SDG7, which focuses on affordable and clean energy for all. Role of Energy policies interventions on energy poverty. [Display omitted] • Effective energy policy intervention in alleviating energy poverty is evaluated. • Energy policies, comprising laws, regulations, and strategies, are negatively associated with energy poverty. • Well-planned strategies are more effective in eradicating energy poverty. • The right energy policies contribute to accomplishing SDG-7, which is affordable and clean energy. [ABSTRACT FROM AUTHOR]