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The financial entanglements of local energy projects

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The financial entanglements of local energy projects. / Rydin, Yvonne; Guy, Simon; Goodier, Chris et al.
In: Geoforum, Vol. 59, 02.2015, p. 1-11.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Rydin, Y, Guy, S, Goodier, C, Chmutina, K, Devine-Wright, P & Wiersma, B 2015, 'The financial entanglements of local energy projects', Geoforum, vol. 59, pp. 1-11. https://doi.org/10.1016/j.geoforum.2014.11.019

APA

Rydin, Y., Guy, S., Goodier, C., Chmutina, K., Devine-Wright, P., & Wiersma, B. (2015). The financial entanglements of local energy projects. Geoforum, 59, 1-11. https://doi.org/10.1016/j.geoforum.2014.11.019

Vancouver

Rydin Y, Guy S, Goodier C, Chmutina K, Devine-Wright P, Wiersma B. The financial entanglements of local energy projects. Geoforum. 2015 Feb;59:1-11. Epub 2014 Dec 11. doi: 10.1016/j.geoforum.2014.11.019

Author

Rydin, Yvonne ; Guy, Simon ; Goodier, Chris et al. / The financial entanglements of local energy projects. In: Geoforum. 2015 ; Vol. 59. pp. 1-11.

Bibtex

@article{3c2732d9cd72472db36bdf2fc969bc1b,
title = "The financial entanglements of local energy projects",
abstract = "There is currently an expansion of local energy initiatives, underpinned by the desire to reduce energy-related carbon emissions and in recognition of the importance of the local arena to achieving such change. Much of the research on these initiatives has been framed by a conventional economic approach, identifying barriers, drivers and incentives to explain their emergence (or not). Here a new economic sociological approach is taken which sees markets as socio-materially constructed and points to the importance of tracing exchange flows and determining modalities of valuation for such exchanges. Artefacts or market devices are seen to play a particular role in connecting actors and technologies within coordinating institutional arrangements and offer the potential for making innovative projects conventional. These aspects are explored in four international case-studies from Wales, Sweden, Germany and USA, mapping relations, identifying exchange flows, pinpointing how artefacts coordinate and showing the multiple modalities of valuation involved in each case. Conclusions concerning the importance of negotiation against a market backdrop and rendering exchange flows more certain are drawn. (C) 2014 The Authors. Published by Elsevier Ltd.",
keywords = "Decentralised energy, Energy efficiency, Green buildings, Economic sociology, Market devices, BARRIERS, ECONOMIZATION, MANAGEMENT, DRIVERS",
author = "Yvonne Rydin and Simon Guy and Chris Goodier and Ksenia Chmutina and Patrick Devine-Wright and Bouke Wiersma",
year = "2015",
month = feb,
doi = "10.1016/j.geoforum.2014.11.019",
language = "English",
volume = "59",
pages = "1--11",
journal = "Geoforum",
issn = "0016-7185",
publisher = "Elsevier",

}

RIS

TY - JOUR

T1 - The financial entanglements of local energy projects

AU - Rydin, Yvonne

AU - Guy, Simon

AU - Goodier, Chris

AU - Chmutina, Ksenia

AU - Devine-Wright, Patrick

AU - Wiersma, Bouke

PY - 2015/2

Y1 - 2015/2

N2 - There is currently an expansion of local energy initiatives, underpinned by the desire to reduce energy-related carbon emissions and in recognition of the importance of the local arena to achieving such change. Much of the research on these initiatives has been framed by a conventional economic approach, identifying barriers, drivers and incentives to explain their emergence (or not). Here a new economic sociological approach is taken which sees markets as socio-materially constructed and points to the importance of tracing exchange flows and determining modalities of valuation for such exchanges. Artefacts or market devices are seen to play a particular role in connecting actors and technologies within coordinating institutional arrangements and offer the potential for making innovative projects conventional. These aspects are explored in four international case-studies from Wales, Sweden, Germany and USA, mapping relations, identifying exchange flows, pinpointing how artefacts coordinate and showing the multiple modalities of valuation involved in each case. Conclusions concerning the importance of negotiation against a market backdrop and rendering exchange flows more certain are drawn. (C) 2014 The Authors. Published by Elsevier Ltd.

AB - There is currently an expansion of local energy initiatives, underpinned by the desire to reduce energy-related carbon emissions and in recognition of the importance of the local arena to achieving such change. Much of the research on these initiatives has been framed by a conventional economic approach, identifying barriers, drivers and incentives to explain their emergence (or not). Here a new economic sociological approach is taken which sees markets as socio-materially constructed and points to the importance of tracing exchange flows and determining modalities of valuation for such exchanges. Artefacts or market devices are seen to play a particular role in connecting actors and technologies within coordinating institutional arrangements and offer the potential for making innovative projects conventional. These aspects are explored in four international case-studies from Wales, Sweden, Germany and USA, mapping relations, identifying exchange flows, pinpointing how artefacts coordinate and showing the multiple modalities of valuation involved in each case. Conclusions concerning the importance of negotiation against a market backdrop and rendering exchange flows more certain are drawn. (C) 2014 The Authors. Published by Elsevier Ltd.

KW - Decentralised energy

KW - Energy efficiency

KW - Green buildings

KW - Economic sociology

KW - Market devices

KW - BARRIERS

KW - ECONOMIZATION

KW - MANAGEMENT

KW - DRIVERS

U2 - 10.1016/j.geoforum.2014.11.019

DO - 10.1016/j.geoforum.2014.11.019

M3 - Journal article

VL - 59

SP - 1

EP - 11

JO - Geoforum

JF - Geoforum

SN - 0016-7185

ER -