ONLINE: The celebration of global differences in electricity markets

The burning of coal, natural gas, and oil for electricity and heat is the largest source of global greenhouse gas emissions. If the developing world reaches the per-capita consumption of the developed world, our global energy consumption increases by a factor of four.

Global climate problem must be met with local solutions in markets throughout the world. Solar and wind power are the key scalable technologies that can save the plant from fossil fuels. Together with other new entrants, these clean technology contenders are ready to go, but we need to clear the track for them to get to the markets in actuality.

Click video to watch the performance

In our project, we are the first ones to zoom into the microdata of successful energy market transitions to help design cooler markets. The exhibition explicates how the differences of local markets can be turned into a strength in scientific understanding.

A global energy transition will benefit greatly if it can be supported with the right market mechanisms: this will help to make the transition more efficient and make the transition harder to resist.

This research project is a collaboration between Aalto University and Wärtsilä, and is funded in part by the Finnish Cultural Foundation.

The team:

• Matti Liski, Oskari Nokso-Koivisto, and Iivo Vehviläinen, Department of Economics at Aalto University
• Matti Rautkivi, Wärtsilä Energy Business.
• Musical performance: Mikko Helenius and Oskari Nokso-Koivisto.

Contact: Iivo Vehviläinen, 050 345 3705, [email protected]