The present paper investigates the impact of financial constraints on the Italian biomass production by adopting a multi-level perspective approach. In particular, it explores to what extent (i) financial constraints at regime level and (ii) internal barriers at niche level hinder the biomass niche to enter the current fossil fuel based regime. Results highlight that the most critical external barriers which impede the biomass producers in securing finance are uncertainty about government policy and potential investors that do not have sufficient experience in the field of biomass while the most relevant internal barriers are represented by the lack of technical expertise perceived by potential investors and the excessive administrative burden of the Italian system. Keywords: biomass production; financial aspects; financing
The Impact of Financial Constraints on Biomass Production: A Firm Level Data Analysis
SICA, EDGARDO CRISTIANO;
2014-01-01
Abstract
The present paper investigates the impact of financial constraints on the Italian biomass production by adopting a multi-level perspective approach. In particular, it explores to what extent (i) financial constraints at regime level and (ii) internal barriers at niche level hinder the biomass niche to enter the current fossil fuel based regime. Results highlight that the most critical external barriers which impede the biomass producers in securing finance are uncertainty about government policy and potential investors that do not have sufficient experience in the field of biomass while the most relevant internal barriers are represented by the lack of technical expertise perceived by potential investors and the excessive administrative burden of the Italian system. Keywords: biomass production; financial aspects; financingI documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
