Biofuels Policy, Energy and Food: A Case for Review

13 Pages Posted: 11 Oct 2009

See all articles by Stanislav Bucifal

Stanislav Bucifal

Australian National University (ANU) - Crawford School of Public Policy

Date Written: May 30, 2008

Abstract

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.

Keywords: Biofuels policy, Agriculture, Food crisis, Energy, Liquid fuels, Ethanol, Biodiesel, Commodity prices

JEL Classification: Q00, Q18, Q42, Q48, N57, O13

Suggested Citation

Bucifal, Stanislav, Biofuels Policy, Energy and Food: A Case for Review (May 30, 2008). Available at SSRN: https://ssrn.com/abstract=1486643 or http://dx.doi.org/10.2139/ssrn.1486643

Stanislav Bucifal (Contact Author)

Australian National University (ANU) - Crawford School of Public Policy ( email )

ANU College of Asia and the Pacific
J.G. Crawford Building, #132, Lennox Crossing
Canberra, Australian Capital Territory 0200
Australia

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