Transaction costs are major challenge to moving forward toward low-carbon economic growth, as new technologies or policies tend to have higher transaction costs compared with those in the business as usual situation. However, neither a well-developed theoretical foundation nor a consensus...

The accumulated experience and path-dependent development of petroleum-based transport fuels and internal combustion engine vehicles has created an apparent technological lock-in. Our analysis of a RApid Future vehicles and Fuels scenario (RAFF) for the EU shows that ambitious carbon emission...

The last 20 years efforts to find a long-term and large-scale biofuel alternative to petrol and diesel for the transport sector have been intensified with a focus on liquid biofuels, such as ethanol, methanol and Fischer-Tropsh diesel derived from wood. The large-scale production of biomethane...