Innovation Dynamics and Policy in the Energy Sector: Building Global Energy Markets, Institutions, Public Policy, Technology and Culture on the Texan Innovation Example reviews the dynamics of the Texas energy sector, including discussions on technological change, competitive markets, astute public policy, collaborative institutions, a culture that invites change and risk-taking, and natural resource abundance. The book documents numerous case studies driven by innovation in policy, markets, technology and institutions, including Spindletop, East Texas Field, Disciplined Rule of Capture, Permian Basin, Natural Gas Flaring, The Arab Oil Embargo, Electric Sector Deregulation, and more. The book argues that sustainable global innovation that addresses the twin challenges of climate change and energy transition must be driven by the promotion of competition and risk-taking which continually promotes the development of ideas, a process jointly funded by both public and private sectors.Describes fundamental drivers of innovationExamines each driver through ten key episodes in the Texas energy innovation experienceEstablishes policy, technology and markets in cultural settings that invite change and risk-taking as key factors in building sustainable innovationConsolidates current research and practice relating to innovation from the perspectives of established (economics, engineering) and emergent (innovation economics, econometrics) disciplines