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Chapter 11 - Biomass Qualification and the Dynamics of Market Framing

from Part III - Valuation

Published online by Cambridge University Press:  22 November 2024

Susi Geiger
Affiliation:
University College Dublin
Katy Mason
Affiliation:
Lancaster University
Neil Pollock
Affiliation:
University of Edinburgh
Philip Roscoe
Affiliation:
University of St Andrews, Scotland
Annmarie Ryan
Affiliation:
University of Limerick
Stefan Schwarzkopf
Affiliation:
Copenhagen Business School
Pascale Trompette
Affiliation:
Université de Grenoble
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Summary

This chapter examines the interrelationship between “a market’s materialities and practices” (Geiger and Gross, 2018) by offering an account of how a particular source of energy – wooden biomass – became a perferred energy resource in the Danish energy system. This chapter examines how biomass is qualified, i.e., identified, measured, framed, and, thereby, known. However, the materiality of forests and wooden biomass affords multiple understandings depending on the epistemic equipment – theories, models, and measurements – used. This introduces an epistemic uncertainty in how biomass can be known, providing opportunities for expression and enactment of interests, making policymaking more complex and more contentious. Our analysis highlights the antagonism and power struggles involved in the dynamics of market framing. The chapter concludes with a discussion on how the material ‘unruliness’ of biomass calls for complex accounting methods, leaving biomass incumbents much maneuver room and jeopardizing Denmark’s reputation as ‘a frontrunner’ in energy transition. The chapter contributes to Market Studies research by demonstrating the dual role of materiality in shaping (concrete, situated) interests and valuations while simultaneouly also affecting conditions for future maneuvering/actions. Further, the analysis brings out the politics of valuation.

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