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.
General
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