Campus Units

Economics

Document Type

Article

Publication Version

Published Version

Publication Date

2012

Journal or Book Title

Bio-based and Applied Economics

Volume

1

Issue

3

First Page or Article ID Number

269

Last Page

296

DOI

10.13128/BAE-11143

Abstract

This paper provides an overview of the economics of biofuels. It starts by describing the remarkable growth of the biofuel industry over the last decade, with emphasis on developments in the United States, Brazil and the European Union, and it identifies the driving role played by some critical policies. After a brief discussion of the motivations that are commonly argued in favor of biofuels and biofuel policies, the paper presents an assessment of the impacts of biofuels from the economics perspective. In particular, the paper explains the basic analytics of biofuel mandates, reviews several existing studies that have estimated the economic impacts of biofuels, presents some insights from a specific model, and outlines an appraisal of biofuel policies and the environmental impacts of biofuels. The paper concludes with an examination of several open issues and the future prospects of biofuels.

JEL Classification

H2, Q2, F1

Comments

This article is from Bio-based and Applied Economics 1 (2012): 269, doi: 10.13128/BAE-11143. Posted with permission.

Rights

This work is licensed under a Creative Commons Attribution 4.0 International License (CC-BY- 4.0)

Copyright Owner

Firenze University Press

Language

en

File Format

application/pdf

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