1. UNIVERSITY OF JYVÄSKYLÄ 2006 ECONOMIC APPROACH TO RENEWABLE ENERGY ISSUES Professor Hanna-Leena Pesonen School of Business and Economics Corporate Environmental Management

2. UNIVERSITY OF JYVÄSKYLÄ 2006 Research Focus of Economic Renewable Energy Research Current important changes taking place in the energy sector require new innovative business solutions for energy companies. These changes in energy sector, especially emission trading and energy taxation, have also significant impact on competitiveness of other business sectors. Our energy related research focuses on:  New business models based on renewable energy sources, and  Competitiveness impacts of the changing energy sector.

3. UNIVERSITY OF JYVÄSKYLÄ 2006 Academic Degrees and Publications  Academic degrees with energy related topics: –Lic.Sc. Kirsi Hämäläinen, 2003 (Industrial ecology) –Lic.Sc. Aleksi Lumijärvi, 2006 (Energy taxation) –Currently four PhD students working with energy related topics  Most important energy related publications: –Hämäläinen, K. (2005) Network Dynamics of en Energy Supply Chain: Applicability of the Network Approach in Analyzing Industrial Ecology Practices of Companies, In: Sarkis, J & Rao, P. (Eds.) Greening Supply Chain Management, Greenleaf Publishing, Sheffield –Linnanen, L., Luoma, P. & Pesonen, H-L. (2002) Ecological Tax Reform – A Value Chain Level Approach, Business Strategy and the Environment, Vol. 11, No. 3

4. UNIVERSITY OF JYVÄSKYLÄ 2006 Research Projects  Projects with energy focus: –Competitiveness Effects of Ecological Tax Reform in Finland, Ministry of Trade and Industry, 1999-2000 –Industrial Ecology of the Town Jyväskylä, Academy of Finland & Jyväskylän Energia, 1999-2001 –RePlan - Transnational collaboration in regional planning of public local actions promoting RES in heat and electricity production and consumption, EU-Altener, 2002-03 –TAPARES - History of Bioenergy in Central Finland, Central Finland Energy Agency, 2003 –JOIN - Joint Offerings in Business Networks to Paper Industry, Jyväskylä Science Park, 2005 –ET Bioenergy - New Bioenergy Business During Emission Trading, EU-Interreg IIIB, 2005-06 –ILMES - Scenarios of Climate Business in Finland, TEKES, 2006-08

5. UNIVERSITY OF JYVÄSKYLÄ 2006 Research Projects  LCA Projects (including energy issues): –Scenarios in LCA, SETAC-Europe Working Group, 1997-2002 –EEMA Environmental and Economic Material Flow Analysis, Academy of Finland, 1998-2000 –Life Cycle Energy Inventory of Banking Services, Nordea, 2001 –LCA of Finnish Beverage Packaging System, 2001-02

6. UNIVERSITY OF JYVÄSKYLÄ 2006 Research Cooperation  With research institutions in Finland –VTT Processes (ET-Bioenergy, ILMES, LCA of Finnish beverage packaging system) –Future Research Centre, Turku School of Economics (ILMES) –Tampere University of Technology (ILMES) –Jyväskylä Science Park (JOIN) –Äänekoski Science Park (ILMES) –Central Finland Energy Agency (RePlan, TAPARES) –Partners from trade and industry (e.g. Botnia, Jyväskylän Energia, Nordea, Gaia Group)

7. UNIVERSITY OF JYVÄSKYLÄ 2006  With foreign research institutions –Working groups of SETAC in the development of life cycle management (e.g. Chalmers, TU Berlin, University of Leiden, University of Lausanne, ETH Zürich, Danish TU) –University of Eastern Piedmonte in Torino (RePlan) –TU Wien –University of St.Gallen (researcher training) –Partners from trade and industry (ET-Bioenergy) Research Cooperation