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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/30713
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| Title: | | Biofuels subsidies and the green paradox  |
| 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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