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AMBIO

, Volume 41, Issue 8, pp 900–903 | Cite as

Slow Money for Soft Energy: Lessons for Energy Finance from the Slow Money Movement

  • Beaudry E. Kock
Synopsis

Introduction

Energy infrastructure is decarbonizing, shifting from dirty coal to cleaner gas- and emissions-free renewables. This is an important and necessary change that unfortunately risks preserving many problematic technical and institutional properties of the old energy system: in particular, the large scales, high aggregation, and excessive centralization of renewable energy infrastructure and, importantly, its financing.

Large-scale renewables carry environmental, social and political risks that cannot be ignored, and more importantly they may not alone accomplish the necessary decarbonization of the power sector. We need to revive a different approach to clean energy infrastructure: a “softer” (Lovins 1978), more distributed, decentralized, local-scale strategy. To achieve this, we need a fundamentally different approach to the financing of clean energy infrastructure. I propose we learn from the “Slow Money” approach being pioneered in sustainable agriculture (Tasch 2010),...

Keywords

Wind Farm Energy Investment Energy Infrastructure Technological Path Large Wind Farm 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Notes

Acknowledgments

This study was supported by a EPSRC Supergen grant.

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Copyright information

© Royal Swedish Academy of Sciences 2012

Authors and Affiliations

  1. 1.Environmental Change InstituteUniversity of OxfordOxfordUK

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