GTAP Resources: Resource Display
GTAP Resource #2840 |
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"Will EU Biofuel Policies affect Global Agricultural Markets?." by Banse, Martin, Hans van Meijl, Andrzej Tabeau and Geert Woltjer 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. Key words: biofuels, EU Biofuels Directive, agricultural markets, computable general equilibrium modelling, endogenous land supply |
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- Renewable energy - European Union |
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Last Modified: 9/15/2023 1:05:45 PM