Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/102054 
Erscheinungsjahr: 
2014
Schriftenreihe/Nr.: 
Memorandum No. 09/2014
Verlag: 
University of Oslo, Department of Economics, Oslo
Zusammenfassung: 
Recent literature on biofuels has questioned whether biofuels policies are likely to reduce the negative effects of climate change. Our analysis explicitly takes into account that oil is a non-renewable natural resource. A blending mandate has no effect on total cumulative oil extraction. However, extraction of oil is postponed as a consequence of the renewable fuel standard. Thus, if emissions from biofuels are negligible, the standard will have beneficial climate effects. The standard also reduces total fuel (i.e., oil plus biofuels) consumption initially. Hence, even if emissions from biofuels are non-negligible, a renewable fuel standard may still reduce climate costs. In fact our simulations show that even for biofuels that are almost as emissions-intensive as oil, a renewable fuel standard has beneficial climate effects.
Schlagwörter: 
Renewable fuel standard
Blending mandate
Biofuels
Climate costs
Petroleum extraction profile
JEL: 
Q3
Q4
Q5
Dokumentart: 
Working Paper

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