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The Economics of Biofuels
Umeå University, Faculty of Social Sciences, Umeå School of Business.
Umeå University, Faculty of Social Sciences, Centre for Regional Science (CERUM).
Umeå University, Faculty of Social Sciences, Department of Economics.
Institutionen för skogsekonomi, Sveriges Lantbruksuniversitet/Department of Forest Economics, Swedish University of Agricultural Sciences.
2008 (English)In: International Review of Environmental and Resource Economics, ISSN 1932-1465, Vol. 2, no 3, 237-280 p.Article in journal (Refereed) Published
Abstract [en]

Biofuels are increasingly regarded as energy sources with the potential to solve diverse problems related to serious concerns, including climate change, environmental degradation, energy supply, and energy security. Here we examine biofuels, primarily biofuels used for transportation (e.g., ethanol and biodiesel),

through the lens of modern resource economics and address fundamental questions, such as: Why biofuels?We then review some of the relevant literature and present a framework for analysis drawn mainly from the green accounting literature.

The literature reviewed indicates that the effects of policies promoting conversion from fossil fuels to biofuels do not necessarily promote welfare. Our theoretical framework provides indications of possible reasons for this. Based on findings obtained using the framework we propose policies that not only penalize

emissions of CO2 from all sources, but also stimulate biomass growth. Finally, we identify issues for further research.

Place, publisher, year, edition, pages
2008. Vol. 2, no 3, 237-280 p.
Keyword [en]
Biofuels, environmental policy, green accounting, welfare economics
URN: urn:nbn:se:umu:diva-11595DOI: 10.1561/101.00000017OAI: diva2:151266
Available from: 2009-01-20 Created: 2009-01-20 Last updated: 2009-11-20Bibliographically approved

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Lundgren, TommyMarklund, Per-OlovBrännlund, Runar
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