International Finance and Accounting


Renewable energy policies have experienced significant evolution over the past few decades around the world. Regarding US experience in this area, both the federal and state governments were quite active in encouraging the transition to clean energy. Over the past decades, a lot of research has been done in this area. However, the existing literature deals mainly with the economic, political, and technical aspects of the transition to clean energy. At the same time, political dynamics received little attention. To understand the political dynamics of the energy transition (in this case, the United States), it is necessary to conduct detailed studies of federal and state policies. This article is devoted to the study of how decisions are made in the field of transition to clean energy, namely, the policy regarding one low-carbon technology - biofuel. For this technology, it was traced how the political agenda, actors, and institutions influenced the adoption and development of two programs: federal excise tax exemptions and the Renewable Fuel Standard (RFS).


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