Abstract
Energy markets are diversifying. Secondary markets for white certificates, flexibility and carbon emission reductions are growing while an increasing range of entrepreneurs provide market access. This paper analyses the ability of entrepreneurs to define, assetize and trade property rights relating to energy demand and carbon emission reductions to facilitate the trade of white certificates, flexibility and carbon emission reductions. Using insights from transaction cost economics, this paper suggests that the combination of market-based instruments, business model innovation and technological innovations facilitate the assetization of energy demand and carbon emission reductions property rights for subsequent trade by enabling all aspects of energy (non-)use to be monitored and time-stamped (collecting silences). This provides the basis not only for flexibility (flexiwatts) and energy demand and carbon emission reductions (negawatts) to compete on equal footing with units of delivered energy (megawatts) but also the foundation for de-growth markets
Original language | English |
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Number of pages | 14 |
Publication status | Published - 28 Mar 2019 |
Event | World Sustainable Energy Days - Wels, Austria Duration: 27 Feb 2019 → 1 Mar 2019 http://www.wsed.at/en/world-sustainable-energy-days.html |
Conference
Conference | World Sustainable Energy Days |
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Abbreviated title | WSED |
Country/Territory | Austria |
City | Wels |
Period | 27/02/19 → 1/03/19 |
Internet address |
Keywords
- Negawatt
- flexiwatt
- degrowth
- market-based instrument
- business models
- entrepreneurs
- transaction costs
- assetization
- property rights
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Dive into the research topics of 'Collecting Silences: Entrepreneurs, energy efficiency, carbon emissions and degrowth markets'. Together they form a unique fingerprint.Prizes
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Best Young Energy Efficiency Researcher Award
Nolden, C. (Recipient), 28 Feb 2019
Prize: Prizes, Medals, Awards and Grants