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Economics of Biofuels: An Overview of Policies, Impacts and Prospects
Bio-based and Applied Economics
  • Giancarlo Moschini, Iowa State University
  • Jingbo Cui, Iowa State University
  • Harvey Lapan, Iowa State University
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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.

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

This work is licensed under a Creative Commons Attribution 4.0 International License (CC-BY- 4.0)
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Firenze University Press
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Giancarlo Moschini, Jingbo Cui and Harvey Lapan. "Economics of Biofuels: An Overview of Policies, Impacts and Prospects" Bio-based and Applied Economics Vol. 1 Iss. 3 (2012) p. 269 - 296
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