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Marine energy innovation in the UK energy system: financial capital, social capital and interactive learning
by Mark Winskel
International Journal of Global Energy Issues (IJGEI), Vol. 27, No. 4, 2007

 

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.

Online publication date: Mon, 13-Aug-2007

 

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