In this paper, we describe how real option techniques and resilience thinking can be integrated to better understand and inform decision-making around environmental risks within complex systems. Resilience thinking offers a promising framework for framing environmental risks posed through the...

Is conceptual vagueness an asset or a liability? By weighing arguments from philosophy of science and applying them to the concept of resilience, I address this question. I first sketch the wide spectrum of resilience concepts that ranges from concise concepts to the vague perspective of...

When it comes to energy policy, EU countries go their own way with little regard for other member states. What strategies exist in the EU Commission to coordinate and integrate energy markets? Are these strategies consistent with national plans currently in action? Is it too late to establish a...

In this paper, we analyze the rationale for an energy policy mix when the European Emissions Trading Scheme (ETS) is considered from a public choice perspective. That is, we argue that the economic textbook model of the ETS implausibly assumes (1) efficient policy design and (2) climate...

In this paper, I use the resilience framework to interpret the project of transforming the German energy system into a renewable energy sources (RES)-based system, the so-called Energiewende, as a regime shift. This regime shift comprises several transformations, which are currently altering the...