EconStor >
Fondazione Eni Enrico Mattei (FEEM), Mailand >
FEEM Working Papers, Fondazione Eni Enrico Mattei  >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/53251
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorJaeger, William K.en_US
dc.contributor.authorEgelkraut, Thorsten M.en_US
dc.date.accessioned2011-12-15T11:31:57Z-
dc.date.available2011-12-15T11:31:57Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/53251-
dc.description.abstractThis paper examines biofuels from an economic perspective and evaluates the merits of promoting biofuel production in the context of the policies' multiple objectives, life-cycle implications, pecuniary externalities, and other unintended consequences. The policy goals most often cited are to reduce fossil fuel use and to lower greenhouse gas emissions. But the presence of multiple objectives and various indirect effects complicates normative evaluation. To address some of these complicating factors, we look at several combinations of policy alternatives that achieve the same set of incremental gains along the two primary targeted policy dimensions, making it possible to compare the costs and cost-effectiveness of each combination of policies. For example, when this approach is applied to U.S.-produced biofuels, they are found to be 14 to 31 times as costly as alternatives like raising the gas tax or promoting energy efficiency improvements. The analysis also finds the scale of the potential contributions of biofuels to be extremely small in both the U.S. and EU. Mandated U.S. corn ethanol production for 2025 reduces U.S. petroleum input use by 1.75%, and would have negligible net effects on CO2 emissions; and although EU imports of Brazilian ethanol may look better given the high costs of other alternatives, this option is equivalent, at most, to a 1.20% reduction in EU gasoline consumption.en_US
dc.language.isoengen_US
dc.publisherFondazione Eni Enrico Mattei (FEEM) Milanoen_US
dc.relation.ispartofseriesNota di lavoro // Fondazione Eni Enrico Mattei: Energy: resources and markets 37.2011en_US
dc.subject.jelQ42en_US
dc.subject.jelQ48en_US
dc.subject.jelQ54en_US
dc.subject.ddc330en_US
dc.subject.keywordBiofuelen_US
dc.subject.keywordBiodieselen_US
dc.subject.keywordCost-Effectivenessen_US
dc.subject.keywordIndirect Land Use Change Effectsen_US
dc.subject.keywordNet Energyen_US
dc.subject.keywordMultiple Objectivesen_US
dc.subject.keywordEthanolen_US
dc.subject.keywordGhgen_US
dc.titleBiofuel economics in a setting of multiple objectives & unintended consequencesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn661035611en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:FEEM Working Papers, Fondazione Eni Enrico Mattei

Files in This Item:
File Description SizeFormat
661035611.pdf470.3 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.