Biofuels Policy, Energy and Food: A Case for Review
Australian National University (ANU) - Crawford School of Economics and Government
May 30, 2008
Biofuels policies in Australia and globally have been made less effective by a structural increase in the real value of agricultural commodities. To explain why, this paper describes Australia’s biofuels policy and its key objectives, and examines how a sustained increase in agricultural prices driven by a fundamental shift in global demand has eroded the effectiveness of the policy in meeting those objectives. An alternative policy approach is presented along with a brief discussion of the potential barriers to its implementation.
Number of Pages in PDF File: 13
Keywords: Biofuels policy, Agriculture, Food crisis, Energy, Liquid fuels, Ethanol, Biodiesel, Commodity prices
JEL Classification: Q00, Q18, Q42, Q48, N57, O13working papers series
Date posted: October 11, 2009
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