Economics of Biofuels: An Overview of Policies, Impacts and Prospects

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 poli...

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Main Authors: GianCarlo Moschini, Jingbo Cui, Harvey Lapan
Format: Article
Language:English
Published: Firenze University Press 2012-09-01
Series:Bio-based and Applied Economics
Subjects:
Online Access:https://oaj.fupress.net/index.php/bae/article/view/3229
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author GianCarlo Moschini
Jingbo Cui
Harvey Lapan
author_facet GianCarlo Moschini
Jingbo Cui
Harvey Lapan
author_sort GianCarlo Moschini
collection DOAJ
description 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.
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spelling doaj.art-dce696e1a58e4937bfb4f5f7c523afbf2022-12-22T01:32:57ZengFirenze University PressBio-based and Applied Economics2280-61802280-61722012-09-011310.13128/BAE-1114310142Economics of Biofuels: An Overview of Policies, Impacts and ProspectsGianCarlo Moschini0Jingbo CuiHarvey LapanUniversità di BolognaThis 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.https://oaj.fupress.net/index.php/bae/article/view/3229biodieselbiofuel policiesethanolgreenhouse gas emissions
spellingShingle GianCarlo Moschini
Jingbo Cui
Harvey Lapan
Economics of Biofuels: An Overview of Policies, Impacts and Prospects
Bio-based and Applied Economics
biodiesel
biofuel policies
ethanol
greenhouse gas emissions
title Economics of Biofuels: An Overview of Policies, Impacts and Prospects
title_full Economics of Biofuels: An Overview of Policies, Impacts and Prospects
title_fullStr Economics of Biofuels: An Overview of Policies, Impacts and Prospects
title_full_unstemmed Economics of Biofuels: An Overview of Policies, Impacts and Prospects
title_short Economics of Biofuels: An Overview of Policies, Impacts and Prospects
title_sort economics of biofuels an overview of policies impacts and prospects
topic biodiesel
biofuel policies
ethanol
greenhouse gas emissions
url https://oaj.fupress.net/index.php/bae/article/view/3229
work_keys_str_mv AT giancarlomoschini economicsofbiofuelsanoverviewofpoliciesimpactsandprospects
AT jingbocui economicsofbiofuelsanoverviewofpoliciesimpactsandprospects
AT harveylapan economicsofbiofuelsanoverviewofpoliciesimpactsandprospects