Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/53251 
Full metadata record
DC FieldValueLanguage
dc.contributor.authorJaeger, William K.en
dc.contributor.authorEgelkraut, Thorsten M.en
dc.date.accessioned2011-12-15T11:31:57Z-
dc.date.available2011-12-15T11:31:57Z-
dc.date.issued2011-
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
dc.language.isoengen
dc.publisher|aFondazione Eni Enrico Mattei (FEEM) |cMilanoen
dc.relation.ispartofseries|aNota di Lavoro |x37.2011en
dc.subject.jelQ42en
dc.subject.jelQ48en
dc.subject.jelQ54en
dc.subject.ddc330en
dc.subject.keywordBiofuelen
dc.subject.keywordBiodieselen
dc.subject.keywordCost-Effectivenessen
dc.subject.keywordIndirect Land Use Change Effectsen
dc.subject.keywordNet Energyen
dc.subject.keywordMultiple Objectivesen
dc.subject.keywordEthanolen
dc.subject.keywordGhgen
dc.titleBiofuel economics in a setting of multiple objectives & unintended consequences-
dc.typeWorking Paperen
dc.identifier.ppn661035611en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

Files in This Item:
File
Size





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