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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. Res...
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... distribution of the interviewed companies according to the development stage of their business is outlined in Figure 3. -85,71 % of the companies interviewed use their own resources and bank loans in order to carry on their activity; 42,85% take advantage also of the public funding, and just 14,28% finance their activity from share capital and private equity; ...
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