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Actions speak louder than words: Awareness is never enough

Actions speak louder than words: Awareness is never enough. Welcome. Overview of market failure Prove that awareness doesn't lead to action Practical reality of this Creating action. Types of market failure. Common property Public goods Externalities (positive and negative)

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Actions speak louder than words: Awareness is never enough

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  1. Actions speak louder than words: Awareness is never enough

  2. Welcome • Overview of market failure • Prove that awareness doesn't lead to action • Practical reality of this • Creating action

  3. Types of market failure • Common property • Public goods • Externalities (positive and negative) • Imperfect and asymmetric information • Increasing returns • Market power • …Complex issues often require complex solutions.

  4. Tragedy of the Commons Each man is locked into a system that compels him to increase his herd without limit - in a world that is limited. Ruin is the destination toward which all men rush, each pursuing his own best interest in a society that believes in the freedom of the commons. Freedom in a commons brings ruin to all. Hardin

  5. Tragedy of the Commons2.0 • Each man is locked into a system that compels him to increase his herd without limit - in a world that is limited. Ruin is the destination toward which all men rush, each pursuing his own best interest in a society that believes in the freedom of the commons. Freedom in a commons brings ruin to all. • Hardin 1968 • Each country is locked into a system that compels them to increase their GDP without limit - in a world that is limited. Ruin is the destination toward which countries rush, each pursuing their own best interest in a society that believes in the freedom of the commons. Freedom in a commons brings ruin to all. • Holden 2010

  6. Types of market failure • Common property • Public goods • Externalities (positive and negative) • Imperfect and asymmetric information • Increasing returns • Market power • …Complex issues often require complex solutions.

  7. Have you ever..?

  8. The reality of market failure • Perception is reality – what do businesses think? • How market failure impacts on the different stages of the • business relationship • How the ENWORKS model overcomes some of these • Question and answer discussion

  9. Perceptions • Not relevant • Threat not opportunity • Resource efficiency = utility management • Need to invest in equipment to save energy • Investment will not reduce costs • Time consuming

  10. Achieved savings

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