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Marine energy innovation in the UK energy system: financial capital, social capital and interactive learning

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  • Mark Winskel
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    Abstract

    Innovation activity in marine energy (wave and tidal stream) has been catalysed by a series of recent UK policy initiatives. However, the wider UK energy system remains substantially oriented to market competition and efficiency. As a result, tensions have emerged between recent R&D activity (especially interactive and collaborative learning) and its economic and institutional context. Drawing on interviews with marine energy device developers, these tensions are interpreted here as a conflict between social capital and financial capital. At the same time, the case also reveals complementary aspects of the relationship between social and financial capital.

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    Bibliographic Info

    Article provided by Inderscience Enterprises Ltd in its journal Int. J. of Global Energy Issues.

    Volume (Year): 27 (2007)
    Issue (Month): 4 ()
    Pages: 472-491

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    Handle: RePEc:ids:ijgeni:v:27:y:2007:i:4:p:472-491

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    Web page: http://www.inderscience.com/browse/index.php?journalID==13

    Related research

    Keywords: renewable energy; marine energy; innovation; social capital; financial capital; venture capital; intellectual property; UK energy; United Kingdom; interactive learning; collaborative learning; wave power; tidal power; wave energy.;

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