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‘Demand pull’ government policies to support Product-Service System activity: the case of Energy Service Companies (ESCos) in the UK
journal contribution
posted on 2023-06-08, 22:55 authored by Matthew J Hannon, Tim FoxonTim Foxon, William F GaleProduct-Service Systems (PSSs) constitute a family of service-based business models designed to satisfy our societal needs in an economically and environmentally sustainable manner. To date however PSS application has remained niche due to a variety of critical barriers. This paper explores how ‘demand pull’ national government policies could support PSS activity by addressing these barriers and cultivating market demand. Lessons are drawn from a case study of how regulatory, economic incentive, informative and procurement policies have supported Energy Service Company (ESCo) activity in the UK; a sub-set of the PSS family focused on energy service provision. Subsequently five policy recommendations are presented to support PSS activity: (1) balancing economic incentives and regulatory disincentives; (2) promoting indirect policy support; (3) redesigning existing market structures; (4) promoting locally-led PSS activity; and (5) creating stable policy frameworks. The paper warns however that national government policy cannot easily address all PSS barriers, such as customer preferences, international developments, technological progress and inherent business model weaknesses, pointing to the need for other complementary solutions. Furthermore, other governance actors beside national government could also implement PSS supporting policies.
History
Publication status
- Published
File Version
- Published version
Journal
Journal of Cleaner ProductionISSN
0959 6526Publisher
ElsevierExternal DOI
Issue
Part AVolume
108Page range
900-915Department affiliated with
- SPRU - Science Policy Research Unit Publications
Full text available
- Yes
Peer reviewed?
- Yes
Legacy Posted Date
2015-10-23First Open Access (FOA) Date
2015-10-23First Compliant Deposit (FCD) Date
2015-10-22Usage metrics
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