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An Evolutionary Economic Analysis of Energy Transitions

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  • Jeroen Van den Bergh
  • Frans Oosterhuis

Abstract

Evolutionary economics offers clear insights into the mechanisms that underlie innovations, structural change and transitions. It is therefore of great value for the framing of policies aimed at fostering a transition to a sustainable development. This paper offers an overview of the main insights of evolutionary economics and derives core concepts, namely ‘diversity’, ‘innovation’, ‘selection environment’, ‘bounded rationality’, ‘path dependence and lock-in’, and ‘coevolution’. These concepts are subsequently used to formulate guidelines for the role of the government and the design of public policies, such as the learning from historical technological pathways and the creation of an extended level playing field. In addition, the developments of certain energy technologies are examined in detail within the adopted evolutionary economics framework. Three particular technologies received attention, namely fuel cells, nuclear fusion, and photovoltaic cells.

Suggested Citation

  • Jeroen Van den Bergh & Frans Oosterhuis, 2005. "An Evolutionary Economic Analysis of Energy Transitions," ERSA conference papers ersa05p823, European Regional Science Association.
    • Handle: RePEc:wiw:wiwrsa:ersa05p823
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    References listed on IDEAS

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    1. Jason Potts, 2000. "The New Evolutionary Microeconomics," Books, Edward Elgar Publishing, number 2258.
    2. Arthur, W Brian, 1989. "Competing Technologies, Increasing Returns, and Lock-In by Historical Events," Economic Journal, Royal Economic Society, vol. 99(394), pages 116-131, March.
    3. Armen A. Alchian, 1950. "Uncertainty, Evolution, and Economic Theory," Journal of Political Economy, University of Chicago Press, vol. 58, pages 211-211.
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    5. Jeroen Bergh & Sigrid Stagl, 2003. "Coevolution of economic behaviour and institutions: towards a theory of institutional change," Journal of Evolutionary Economics, Springer, vol. 13(3), pages 289-317, August.
    6. Jeroen van den Bergh & John Gowdy, 2000. "Evolutionary Theories in Environmental and Resource Economics: Approaches and Applications," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 17(1), pages 37-57, September.
    7. Richard B. Norgaard, 1984. "Coevolutionary Development Potential," Land Economics, University of Wisconsin Press, vol. 60(2), pages 160-173.
    8. René Kemp, 1997. "Environmental Policy and Technical Change," Books, Edward Elgar Publishing, number 1187.
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