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).


Aklin, M., Urpelainen, J., 2013.Political competition, path dependence, and the strategy of sustainable energy transitions. Am. J. Political Sci. 57 (3), 643–658. Biber, E., Kelsey, N., Meckling, J., 2017. The political economy of decarbonization: a research agenda. Brooklyn Law Rev. 82 (2), 605–643. Breetz, H.L., 2013. Fueled by Crisis: U.S. Alternative Fuel Policy. Massachusetts Institute of Technology, pp. 1975–2007. Carolan, M.S., 2010. Ethanol's most recent breakthrough in the United States: a case of socio-technical transition. Technol. Soc. 32 (2), 65–71. Delucchi, M.A., Jacobson, M.Z., 2011. Providing all global energy with wind, water, and solar power, Part II: reliability, system and transmission costs, and policies. Energy Policy 39 (3), 1170–1190. Farla, J., Markard, J., Raven, R., Coenen, L., 2012. Sustainability transitions in the making: a closer look at actors, strategies and resources. Technol. Forecast. Social. Change 79 (6), 991–998. Geels, F.W., Tyfield, D., Urry, J., 2014. Regime resistance against low-carbon transitions: Introducing politics and power into the multi-level perspective. Theory, Cult. Soc. 31 (5), 21–40. Grossman, P.Z., 2013. US energy policy and the pursuit of failure.Cambridge University Press. Hess, D.J., 2014. Sustainability transitions: a political coalition perspective. Res. Policy 43 (2), 278–283. Hess, D.J., 2016. The politics of niche-regime conflicts: distributed solar energy in the United States. Environ. Innov. Soc. Transit. 19, 42–50. Hughes, L., Lipscy, P.Y., 2013. The politics of energy.Annu. Rev. Political Sci. 16, 449–469. Jacobsson, S., Lauber, V., 2006.The politics and policy of energy system transformation— explaining the German diffusion of renewable energy technology. Energy Policy 34 (3), 256–276. Kern, F., 2011. Ideas, institutions, and interests: explaining policy divergence in fostering system innovations' towards sustainability. Environ. Plan. C: Gov. Policy 29 (6), 1116–1134. Kuzemko, C., Lockwood, M., Mitchell, C., Hoggett, R., 2016.Governing for sustainable energy system change: Politics, contexts and contingency.Energy Res. Social. Sci. 12, 96–105. Lawhon, M., Murphy, J.T., 2012. Socio-technical regimes and sustainability transitions Insights from political ecology. Progress.Human.Geogr. 36 (3), 354–378. Markard, J., Raven, R., Truffer, B., 2012. Sustainability transitions: an emerging field of research and its prospects. Res. Policy 41 (6), 955–967. http://dx.doi.org/10.1016/j.respol.2012.02.013. Markard, J., Suter, M., Ingold, K., 2016.Socio-technical transitions and policy change–advocacy coalitions in Swiss energy policy. Environ. Innov. Soc. Transit. 18, 215–237. Meadowcroft, J., 2009. What about the politics? Sustainable development, transition management, and long term energy transitions.Policy Sci. 42 (4), 323. Meadowcroft, J., 2011. Engaging with the politics of sustainability transitions. Environ. Innov. Soc. Transit. 1 (1), 70–75. Meckling, J., Jenner, S., 2016. Varieties of market-based policy: instrument choice in climate policy. Environ. Polit. 25 (5), 853–874. Mondou, M., Skogstad, G., Houle, D., 2014. Policy image resilience, multidimensionality, and policy image management: a study of US biofuel policy. J. Public Policy 34 (1), 155–180. Musiolik, J., Markard, J., 2011. Creating and shaping innovation systems: formal networks in the innovation system for stationary fuel cells in Germany. Energy Policy 39 (4), 1909–1922. Nohrstedt, D., 2008. The politics of crisis policymaking: chernobyl and Swedish nuclear energy policy. Policy Stud. J. 36 (2), 257–278. Nohrstedt, D., Weible, C.M., 2010. The logic of policy change after crisis: proximity and subsystem interaction. Risk, Hazards Crisis Public Policy 1 (2), 1–32. Nowlin, M.C., 2011. Theories of the policy process: State of the research and emerging trends. Policy Stud. J. 39 (s1), 41–60. Scrase, I., Smith, A., 2009. The (non-) politics of managing low carbon socio-technical transitions. Environ. Polit. 18 (5), 707–726. Shove, E., Walker, G., 2007. CAUTION! Transitions ahead: politics, practice, and sustainable transition management. Environ. Plan. A 39 (4), 763–770. Solomon, B. (1977). Moonshine and motor cars: alcohol fuels come of age. The Energy Daily. Smil, V., 2010. Energy Transitions: History, Requirements, Prospects. Praeger, SantabBarbara. Smith, E.R.A.N., 2002. Energy, the Environment, and Public Opinion.Rowman& Littlefield Publishers, Lanham. Stokes, L.C., 2015a. Electoral backlash against climate policy: a natural experiment on retrospective voting and local resistance to Public policy. Am. J. Political Sci. Stokes, L.C., Warshaw, C., 2017. Renewable energy policy design and framing influence publicsupport in the United States. Nat. Energy 2 (17107), 1–6. Trancik, J.E., Chang, M.T., Karapataki, C., Stokes, L.C., 2014. Effectiveness of a segmentalapproach to climate policy. Environ. Sci. Technol. 48 (1), 27–35.