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

Mark Winskel

International Journal of Global Energy Issues, 2007, vol. 27, issue 4, 472-491

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.

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. (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijgeni:v:27:y:2007:i:4:p:472-491

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