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Economic Issues in the Liquid Biofuels Industry

  • Hong To
  • Suman Sen
  • Michael B. Charles
Chapter
Part of the Lecture Notes in Energy book series (LNEN, volume 27)

Abstract

Biofuel policies around the world have, in general, been driven by concerns relating to energy security, greenhouse gas (GHG) abatement and regional development. However, in major biofuel markets, these policies have led to market distortions that have problematized the achievement of the longer-term objectives associated with biofuels. In particular, prioritization of certain economic goals, like assisting rural areas, has hindered the achievement of other outcomes, such as decoupling national energy security from fossil fuel prices and achieving the greatest possible emission abatement. A shift towards next-generation equivalents is desirable, but the currently low price of conventional fuel and the high production costs of advanced biofuels currently act as a barrier to commercialization. These barriers are most likely to be overcome as conventional fuel resources become depleted and advanced biofuel technologies mature over time. Until then, government intervention will be crucial in determining the industry’s future.

Keywords

European Union Biofuel Production Biofuel Industry Advanced Biofuel Biofuel Policy 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag London 2014

Authors and Affiliations

  1. 1.Southern Cross UniversityGold CoastAustralia

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