TY - JOUR
T1 - Market intermediation and its embeddeness – Lessons from the Finnish energy transition
AU - Hyysalo, Sampsa
AU - Heiskanen, Eva
AU - Lukkarinen, Jani
AU - Matschoss, Kaisa
AU - Jalas, Mikko
AU - Kivimaa, Paula
AU - Juntunen, Jouni K.
AU - Moilanen, Fanni
AU - Murto, Pekka
AU - Primmer, Eeva
PY - 2022/1/10
Y1 - 2022/1/10
N2 - Energy transitions are in many respects past the early exploration stages and moving towards the urgently needed mass market take-up. We examine the Finnish energy transition regarding how solutions – heat-pumps, deep retrofits and new district-wide solutions – that have demonstrated economic benefits and reasonable payback times have faced slow uptake and slow market development. We focus on the difficulties that suppliers and adopters face in establishing the value and singularization of goods when adopters need to act as calculative agents in the market. When the intermediation processes needed for market development do not cover the all the needed aspects, these market difficulties can persist until late in the transition process. We further elaborate how the intermediation takes place in ecologies of actors that become complex once the complexity of goods grows and the intermediation becomes tied to formalized arenas such as those found in urban development. Periodic assessment of the effectiveness of markets and ecologies of intermediation can inform policy interventions on market development.
AB - Energy transitions are in many respects past the early exploration stages and moving towards the urgently needed mass market take-up. We examine the Finnish energy transition regarding how solutions – heat-pumps, deep retrofits and new district-wide solutions – that have demonstrated economic benefits and reasonable payback times have faced slow uptake and slow market development. We focus on the difficulties that suppliers and adopters face in establishing the value and singularization of goods when adopters need to act as calculative agents in the market. When the intermediation processes needed for market development do not cover the all the needed aspects, these market difficulties can persist until late in the transition process. We further elaborate how the intermediation takes place in ecologies of actors that become complex once the complexity of goods grows and the intermediation becomes tied to formalized arenas such as those found in urban development. Periodic assessment of the effectiveness of markets and ecologies of intermediation can inform policy interventions on market development.
UR - https://www.sciencedirect.com/science/article/pii/S2210422421001301?via%3Dihub
UR - http://www.scopus.com/inward/record.url?scp=85122533389&partnerID=8YFLogxK
U2 - 10.1016/j.eist.2021.12.004
DO - 10.1016/j.eist.2021.12.004
M3 - Article
VL - 42
SP - 184
EP - 200
JO - Environmental Innovation and Societal Transitions
JF - Environmental Innovation and Societal Transitions
SN - 2210-4224
ER -