Biofuel Development: Institutional Design Across the World

Mishra S.N. (2020) Biofuel Development: Institutional Design Across the World. In: Leal Filho W., Azul A., Brandli L., Lange Salvia A., Wall T. (eds) Affordable and Clean Energy. Encyclopedia of the UN Sustainable Development Goals. Springer, Cham. https://doi.org/10.1007/978-3-319-71057-0_140-1

Posted: 4 Jan 2021

See all articles by Satyendra Nath Mishra

Satyendra Nath Mishra

School of Rural Management, XIM University (Formerly XIMB)

Date Written: August 20, 2020

Abstract

Biofuel – biodiesel and bioethanol – is primarily made from biomass obtained from variety of plants and agriculture crops. The biomass availability varies across countries/region. Biofuel is used as an alternative to the petroleum fuel. For this study biofuel is operationalized as production of biodiesel and bioethanol from – land-intensive – plants and agriculture crops.

Institutions are humanly devised informal and formal constrains that structures the social, political, and economic interaction, to create order and reduce uncertainty in exchange (North 1991). Institutions can be defined as the sets of working rules that are used to determine who is eligible to make decisions in some arena, what actions are allowed or constrained, what aggregation rule will be used, what procedures must be followed, what information must or must not be provided, and what payoffs will be assigned to individuals dependent on their actions (Ostrom 1991).

Institutional design (ID) is thought to be as creation of specifications of components and rules of engagement (Weimer 1995). The understanding of ID facilitates institutional actors to formulate effective strategies for program formalization, resource allocation, and policy implementation. These strategies of ID are outcome of technologies interface with nature of natural resources, community collectivization, state’s policy environment, and market characteristics.

Keywords: Clean Energy; Development; Global Energy Governance; Institutional Design; Land-Intensive Energy Option; Renewable Energy

JEL Classification: O17, O43, O30, O38

Suggested Citation

Mishra, Satyendra Nath, Biofuel Development: Institutional Design Across the World (August 20, 2020). Mishra S.N. (2020) Biofuel Development: Institutional Design Across the World. In: Leal Filho W., Azul A., Brandli L., Lange Salvia A., Wall T. (eds) Affordable and Clean Energy. Encyclopedia of the UN Sustainable Development Goals. Springer, Cham. https://doi.org/10.1007/978-3-319-71057-0_140-1, Available at SSRN: https://ssrn.com/abstract=3688739

Satyendra Nath Mishra (Contact Author)

School of Rural Management, XIM University (Formerly XIMB) ( email )

Room No.111, Xavier City Campus,
Nijigada, Kurki, Harirajpur
Khurda, Odisha 752050
India

HOME PAGE: http://https://xim.edu.in/

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