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Sugar rush: Prospects for a global ethanol market

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  • Hira, Anil

Abstract

In 2005, the major economies of the world, including the G8 and 5 developing nations (Mexico, India, Brazil, China, and South Africa), along with the United Nations, the International Energy Agency, and the European Union launched the Global Bioenergy Partnership to discuss ways to promote the sustained use and production of biofuels around the globe, reflecting growing concerns for finding economically viable substitutes for petroleum. This paper examines whether and if a vibrant global market in biofuels based on sugarcane-based ethanol is economically feasible. The paper finds that while there is already international trading in biofuels, it is highly limited compared with its potential. In the current climate of accelerating fossil fuel prices, biofuels represent an increasingly attractive displacement for some of our fossil fuel addiction. Not only do they substitute for petrol, but they also produce lower emissions. The paper finds that sugarcane ethanol could make an important contribution to substituting for a portion of petroleum and also offer potential benefits for international development.

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  • Hira, Anil, 2011. "Sugar rush: Prospects for a global ethanol market," Energy Policy, Elsevier, vol. 39(11), pages 6925-6935.
    • Handle: RePEc:eee:enepol:v:39:y:2011:i:11:p:6925-6935
    DOI: 10.1016/j.enpol.2010.05.035
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    References listed on IDEAS

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    1. Oliveira, Gustavo de L.T. & McKay, Ben & Plank, Christina, 2017. "How biofuel policies backfire: Misguided goals, inefficient mechanisms, and political-ecological blind spots," Energy Policy, Elsevier, vol. 108(C), pages 765-775.
    2. Ge, Jianping & Lei, Yalin & Tokunaga, Suminori, 2014. "Non-grain fuel ethanol expansion and its effects on food security: A computable general equilibrium analysis for China," Energy, Elsevier, vol. 65(C), pages 346-356.
    3. Jana, Kuntal & De, Sudipta, 2015. "Polygeneration using agricultural waste: Thermodynamic and economic feasibility study," Renewable Energy, Elsevier, vol. 74(C), pages 648-660.
    4. Magdalena Modelska & Michal J. Binczarski & Piotr Dziugan & Szymon Nowak & Zdzisława Romanowska-Duda & Adam Sadowski & Izabela A. Witońska, 2020. "Potential of Waste Biomass from the Sugar Industry as a Source of Furfural and Its Derivatives for Use as Fuel Additives in Poland," Energies, MDPI, vol. 13(24), pages 1-15, December.
    5. Ladislav Kristoufek & Karel Janda & David Zilberman, 2015. "Co-movements of Ethanol Related Prices: Evidence from Brazil and the USA," CAMA Working Papers 2015-11, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.

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