While the production of new forms of low-carbon energy supplies is a critical research area, ensuring a downstream market for these resources is equally important. Facilitating energy transitions requires understanding of the barriers and drivers that may hinder or support their take-up, and investment in supportive infrastructure and upskilling necessary to ensure that both environmental and market benefits are realised.
Given the multiplicity of stakeholders involved on the demand side of energy transitions – including industry, local, regional and national government bodies, multinational organisations and consumers – further research is needed to engage with these actors in order to identify the technical, social, financial and regulatory factors that may contribute to their success. Through better understanding of the mechanisms required for adoption, supporting and sustaining impact may be more fully realised. As demand for low-carbon energy supplies is also determined by supply of and demand for conventional energy sources, this research is also embedded in analysis of the functioning and regulation of energy markets in a wider sense.
- to identify barriers and drivers to market take-up of emerging energy resources.
- to understand technical, social, financial, and regulatory factors that may support or impede investment in energy transitions from a demand perspective.
- to understand the place of energy transitions in the wider marketplace, including supporting downstream factors such as education, skills development, and infrastructure.
- to improve the understanding of the fundamentals of energy markets in general as well as their regulation.