Financial Risk, Innovation and Alternative Pathways to Decarbonising the Energy System in 2050

Diaz-Rainey, Ivan and Tulloch, Daniel (2011) Financial Risk, Innovation and Alternative Pathways to Decarbonising the Energy System in 2050. In: Proceedings of ISPIM/Tudor Innovation for Financial Services Summit, 2011-09-01.

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    Abstract

    There is a lot of forward looking work attempting to envisage the decarbonised energy system of the future as reflected with current interest in 'smart grids'. A central tenet behind most visions of the 'smart grids' of the future are the price signals that financial and commodity markets will deliver to facilitate effective and efficient resource allocation. Most of these visions take stylised and static views of financial and commodity markets despite the fact that these markets are experiencing dramatic change due to innovation and regulation. Accordingly, the paper maps the risks associated in the fusion of financial innovation with innovation in the energy system through a theoretical framework that draws on evolutionary models of paradigm shift. Risks to both the financial and energy systems are characterised as either emanating from primary or secondary markets and these are explored in terms of alternative visions of the energy system in the long run.

    Item Type: Conference or Workshop Item (Paper)
    Faculty \ School: Faculty of Social Sciences > Norwich Business School
    Depositing User: Ivan Diaz-Rainey
    Date Deposited: 07 Nov 2011 09:20
    Last Modified: 05 Feb 2019 01:14
    URI: https://ueaeprints.uea.ac.uk/id/eprint/35377
    DOI:

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