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Title:Biofuels subsidies and the green paradox PDF Logo
Authors:Grafton, R. Quentin
Kompas, Tom
Ngo Van Long
Issue Date:2010
Series/Report no.:CESifo working paper 2960
Abstract:This paper develops sufficient conditions under which the Weak Green Paradox may (and may not) hold in terms of subsidies for biofuel production such that the supply-side responses by fossil fuel producers may more than offset the substitution to biofuels. Analytical results are derived and numerical simulations show that, under a wide range of parameter values, biofuel subsidies will increase the rate of extraction of fossil fuels in the short and medium term, and possibly bring climate-change damages closer to the present.
Subjects:biofuels subsidies
the Green Paradox
JEL:Q54
Q42
Q30
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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