Concepts and Instruments for a Rational Bioenergy Policy

A New Institutional Economics Approach

Business & Finance, Industries & Professions, Industries, Economics
Cover of the book Concepts and Instruments for a Rational Bioenergy Policy by Alexandra Purkus, Springer International Publishing
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Author: Alexandra Purkus ISBN: 9783319311357
Publisher: Springer International Publishing Publication: June 21, 2016
Imprint: Springer Language: English
Author: Alexandra Purkus
ISBN: 9783319311357
Publisher: Springer International Publishing
Publication: June 21, 2016
Imprint: Springer
Language: English

This book provides an in-depth economic analysis of the challenges associated with bioenergy use and production. Drawing on New Institutional Economics and the theory of economic policy, it develops theory-based recommendations for a bioenergy policy that strives for efficiency and sustainability. Further, it shows how to deal with diverse uncertainties and constraints, such as institutional path dependencies, transaction costs, multiple and conflicting policy aims, and interacting market failures, while also applying the resulting theoretical insights to a case study analysis of Germany’s bioenergy policy. As such, the book aims to bridge the gap between practical bioenergy policymaking on the one hand, and neoclassical theory-based concepts that strictly focus on a minimization of greenhouse gas mitigation costs on the other.             

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This book provides an in-depth economic analysis of the challenges associated with bioenergy use and production. Drawing on New Institutional Economics and the theory of economic policy, it develops theory-based recommendations for a bioenergy policy that strives for efficiency and sustainability. Further, it shows how to deal with diverse uncertainties and constraints, such as institutional path dependencies, transaction costs, multiple and conflicting policy aims, and interacting market failures, while also applying the resulting theoretical insights to a case study analysis of Germany’s bioenergy policy. As such, the book aims to bridge the gap between practical bioenergy policymaking on the one hand, and neoclassical theory-based concepts that strictly focus on a minimization of greenhouse gas mitigation costs on the other.             

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