Work

Will EU biofuel policies affect global agricultural markets?

Year: 2008

Type: article

Abstract: This article assesses the implications of the EU Biofuels Directive (BFD) using a computable general equilibrium framework with endogenous land supply. The results show that, without policy intervention to stimulate the use of biofuel crops, the targets of the BFD will not be met. With the BFD, the enhanced demand for biofuel crops has a strong impact on agriculture globally and within Europe, leading to an increase in land use. On the other hand, the long-term declining trend in real agricultural prices may slow down or even reverse.

Source: European Review of Agricultural Economics

DOI: 10.1093/erae/jbn023

Authors: M. Banse, H. van Meijl, A. Tabeau, G. Woltjer

Institution: Wageningen University & Research

Language: English

Topic: Economics of Agriculture and Food Markets

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Zero hunger, Climate action

Open Access status: green

OpenAlex ID: W2148355056

FWCI: 61.68

Cites: 24

Cited by: 293

Related to: 10