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An Overview of Global Markets and Policies

In: The Impacts of Biofuels on the Economy, Environment, and Poverty

Author

Listed:
  • Govinda R. Timilsina

    (The World Bank)

  • Ashish Shrestha

    (The World Bank)

Abstract

Following the oil crisis of the 1970s, countries looked to biofuels to substitute the use of fossil fuel in transportation. Brazil and the United States (US) governments impelled national programs for ethanol production (Worldwatch 2007) around 1979; meanwhile, some countries (e.g. China, Kenya, and Zimbabwe) acted in response to the oil crisis but were not able to sustain biofuel production (Liu 2005; Karekezi et al. 2004). When oil prices decreased again, the impetus for alternative fuels retreated—except in Brazil. Current drivers of the alternative energy supply include issues of energy supply security, oil price volatility, climate change, production costs, and more. Subsidy is the main policy instrument to incentivize production, although production costs are dropping.

Suggested Citation

  • Govinda R. Timilsina & Ashish Shrestha, 2014. "An Overview of Global Markets and Policies," Natural Resource Management and Policy, in: Govinda R. Timilsina & David Zilberman (ed.), The Impacts of Biofuels on the Economy, Environment, and Poverty, edition 127, chapter 0, pages 1-14, Springer.
    • Handle: RePEc:spr:nrmchp:978-1-4939-0518-8_1
    DOI: 10.1007/978-1-4939-0518-8_1
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    Cited by:

    1. Piotr Gradziuk & Krzysztof Jończyk & Barbara Gradziuk & Adrianna Wojciechowska & Anna Trocewicz & Marcin Wysokiński, 2021. "An Economic Assessment of the Impact on Agriculture of the Proposed Changes in EU Biofuel Policy Mechanisms," Energies, MDPI, vol. 14(21), pages 1-21, October.
    2. Piotr Gradziuk & Barbara Gradziuk & Anna Trocewicz & Błażej Jendrzejewski, 2020. "Potential of Straw for Energy Purposes in Poland—Forecasts Based on Trend and Causal Models," Energies, MDPI, vol. 13(19), pages 1-22, September.

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