'Demand pull' government policies to support product-service system activity : the case of energy service companies (ESCos) in the UK
Hannon, Matthew J. and Foxon, Timothy J. and Gale, William F. (2015) 'Demand pull' government policies to support product-service system activity : the case of energy service companies (ESCos) in the UK. Journal of Cleaner Production, 108 (Part A). pp. 900-915. ISSN 0959-6526 (https://doi.org/10.1016/j.jclepro.2015.05.082)
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Abstract
Product-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.
ORCID iDs
Hannon, Matthew J. ORCID: https://orcid.org/0000-0002-7811-3991, Foxon, Timothy J. and Gale, William F.;-
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Item type: Article ID code: 71922 Dates: DateEvent1 December 2015Published29 May 2015Published Online20 May 2015AcceptedSubjects: Social Sciences > Commerce Department: Strategic Research Themes > Innovation Entrepreneurship
Strathclyde Business School > Hunter Centre for Entrepreneurship, Strategy and InnovationDepositing user: Pure Administrator Date deposited: 30 Mar 2020 07:38 Last modified: 28 Nov 2024 10:04 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/71922