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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.
This book addresses the interactions between Germany's energy
transition and the EU's energy policy framework. It seeks to
analyze the manifold connections between the prospects of the
proclaimed "Energy Union" and the future of Germany's energy
transition, and identifies relevant lessons for the transformation
at the EU level that can be learned from the case of Germany, as a
first-mover of transforming energy systems towards renewables. The
various repercussions (political, economic and systemic) from the
national transition are explored within the EU context as it
responds to the German transition, taking into account both
existing frictions and potential synergies between predominantly
national sustainability policies and the EU's push towards
harmonized policies within a common market. The book's overall aim
is to identify the most critical issues, in order to avoid pitfalls
and capitalize on opportunities.
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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