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Review of environmental, economic and policy aspects of biofuels

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Author Info
Rajagopal, Deepak
Zilberman, David

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Abstract

The world is witnessing a sudden growth in production of biofuels, especially those suited for replacing oil like ethanol and biodiesel. This paper synthesizes what the environmental, economic, and policy literature predicts about the possible effects of these types of biofuels. Another motivation is to identify gaps in understanding and recommend areas for future work. The analysis finds three key conclusions. First, the current generation of biofuels, which is derived from food crops, is intensive in land, water, energy, and chemical inputs. Second, the environmental literature is dominated by a discussion of net carbon offset and net energy gain, while indicators relating to impact on human health, soil quality, biodiversity, water depletion, etc., have received much less attention. Third, there is a fast expanding economic and policy literature that analyzes the various effects of biofuels from both micro and macro perspectives, but there are several gaps. A bewildering array of policies - including energy, transportation, agricultural, trade, and environmental policies - is influencing the evolution of biofuels. But the policies and the level of subsidies do not reflect the marginal impact on welfare or the environment. In summary, all biofuels are not created equal. They exhibit considerable spatial and temporal heterogeneity in production. The impact of biofuels will also be heterogeneous, creating winners and losers. The findings of the paper suggest the importance of the role biomass plays in rural areas of developing countries. Furthermore, the use of biomass for producing fuel for cars can affect access to energy and fodder and not just access to food.

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Paper provided by The World Bank in its series Policy Research Working Paper Series with number 4341.

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Date of creation: 01 Sep 2007
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Handle: RePEc:wbk:wbrwps:4341

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Related research
Keywords: Energy Production and Transportation; Environmental Economics&Policies; RenewableEnergy; Transport Economics Policy&Planning; Energy and Environment;

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  1. Lichtenberg, Erik & Zilberman, David, 1986. "The Welfare Economics of Price Supports in U.S. Agriculture," American Economic Review, American Economic Association, vol. 76(5), pages 1135-41, December. [Downloadable!] (restricted)
  2. Klette, T.J. & Moen, J. & Griliches, Z., 1999. "Do Subsidies to Commercial R&D Reduce Market Failures? Microeconometric Evaluation Studies," Papers 16/99, Norwegian School of Economics and Business Administration-.
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  1. Bayramoglu, Basak, 2008. "Efficiency of a Biofuel Subsidy Policy in the Presence of Environmental Externalities," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44399, European Association of Agricultural Economists. [Downloadable!]
  2. Emilio Cerdá & Alejandro Caparrós & Paola Ovando, 2008. "Bioenergía en la Unión Europea," Economic Reports 26-08, FEDEA. [Downloadable!]
  3. de Gorter, Harry & Just, David R., 2007. "The economics of U.S. ethanol import tariffs with a consumption mandate and tax credit," MPRA Paper 5504, University Library of Munich, Germany. [Downloadable!]
  4. Uwe A. Schneider & Juraj Balkovic & Stephane de Cara & Oskar Franklin & Steffen Fritz & Petr Havlik & Ingo Huck & Kerstin Jantke & A. Maarit I. Kallio & Florian Klaxner & Alexander Moiseyev & Michael , 2008. "The European Forest and Agriculture Optimisation Model -- EUFASOM," Working Papers FNU-156, Research unit Sustainability and Global Change, Hamburg University, revised Feb 2008. [Downloadable!]
  5. Hertel, Thomas W. & Tyner, Wallace E. & Birur, Dileep K., 2008. "Biofuels for all? Understanding the Global Impacts of Multinational Mandates," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6526, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
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  6. de Gorter, Harry & Just, David R., 2007. "The Welfare Economics of an Excise-Tax Exemption for Biofuels," MPRA Paper 5151, University Library of Munich, Germany, revised Sep 2007. [Downloadable!]
  7. Zhang, Zibin & Wetzstein, Michael, 2008. "New relationships: ethanol, corn, and gasoline volatility," Transition to a Bio Economy Conferences, Risk, Infrastructure and Industry Evolution Conference, June 24-25, 2008, Berkeley, California 48718, Farm Foundation. [Downloadable!]
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