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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

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.

Suggested Citation

  • Mark Winskel, 2007. "Marine energy innovation in the UK energy system: financial capital, social capital and interactive learning," International Journal of Global Energy Issues, Inderscience Enterprises Ltd, vol. 27(4), pages 472-491.
  • Handle: RePEc:ids:ijgeni:v:27:y:2007:i:4:p:472-491
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    Cited by:

    1. Andersson, Johnn & Perez Vico, Eugenia & Hammar, Linus & Sandén, Björn A., 2017. "The critical role of informed political direction for advancing technology: The case of Swedish marine energy," Energy Policy, Elsevier, vol. 101(C), pages 52-64.

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