Patterns of expectations for emerging sustainable technologies

Innovation is characterized by uncertainties, high risks, large investments and late returns on investment which make it a complex process. This is particularly true for sustainable innovation where market forces alone cannot be relied upon to realize the desired transitions. Insight in the dynamics...

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Veröffentlicht in:Technological forecasting & social change 2012-03, Vol.79 (3), p.448-456
Hauptverfasser: Alkemade, Floortje, Suurs, Roald A.A.
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container_title Technological forecasting & social change
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Suurs, Roald A.A.
description Innovation is characterized by uncertainties, high risks, large investments and late returns on investment which make it a complex process. This is particularly true for sustainable innovation where market forces alone cannot be relied upon to realize the desired transitions. Insight in the dynamics of such innovation processes is necessary in order to influence technological change toward a more sustainable direction. However, few instruments and indicators are available to assess the performance of emerging technological innovation systems. In this phase competition often takes place based on expectations rather than on technological performance. This paper therefore focuses on the expectation patterns of technological innovation systems in the exploratory phase through the analysis of the expectation dynamics of three emerging technologies in the field of sustainable mobility within the Netherlands: biofuels, hydrogen as a transport fuel and natural gas as a transport fuel. These technologies do not only compete with the current fossil-fuel based system but also with each other. We have collected over 5000 expectation events regarding these technologies for the period 2000–2008 and discuss the insights generated by the comparison of the observed expectation dynamics to theoretical patterns. ► Analyzes expectations about biofuels, natural gas and hydrogen as transport fuels. ► Compares the observed expectation patterns to theoretical patterns. ► Discusses the convergence of expectations as an indicator for policymakers.
doi_str_mv 10.1016/j.techfore.2011.08.014
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source Elsevier ScienceDirect Journals; Sociological Abstracts
subjects Alternative energy sources
Biofuels
Certainty
Expectation dynamics
Expectations
Fuels
Functions of innovation systems
Hydrogen
Hype cycles
Innovation systems
Innovations
Markets
Natural gas
Netherlands
Risk
Studies
Sustainable development
Sustainable innovation
Technological Change
Technological Innovations
title Patterns of expectations for emerging sustainable technologies
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