Does a renewable fuel standard for biofuels reduce climate costs?

1. Person: Greaker, Mads
Weitere Personen: Hoel, Michael; Rosendahl, Knut Einar
Format: Online-Artikel
Sprache: English
Veröffentlicht: Center for Economic Studies and Ifo Institute (CESifo) 2012
Serien: Discussion Papers
Schlagworte: Biokraftstoff
Normung
Wirkungsanalyse
Fossiler Energieträger
Klimaschutz
Soziale Kosten
Theorie
Biofuel
Standardization
Impact assessment
Climate protection
Social costs
Theory
Online Zugang: https://www.econstor.eu/bitstream/10419/102054/1/784967792.pdf
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id
oai_econstor.eu_10419-69581
recordtype
econstor
institution
MPG
collection
ECONSTOR
title
Does a renewable fuel standard for biofuels reduce climate costs?
spellingShingle
Does a renewable fuel standard for biofuels reduce climate costs?
Biokraftstoff
Normung
Wirkungsanalyse
Fossiler Energieträger
Klimaschutz
Soziale Kosten
Theorie
Biofuel
Standardization
Impact assessment
Climate protection
Social costs
Theory
Greaker, Mads
Discussion Papers
title_short
Does a renewable fuel standard for biofuels reduce climate costs?
title_full
Does a renewable fuel standard for biofuels reduce climate costs?
title_fullStr
Does a renewable fuel standard for biofuels reduce climate costs?
title_full_unstemmed
Does a renewable fuel standard for biofuels reduce climate costs?
title_sort
Does a renewable fuel standard for biofuels reduce climate costs?
format
electronic Article
format_phy_str_mv
Paper
publisher
Center for Economic Studies and Ifo Institute (CESifo)
publishDate
2012
language
English
topic
Biokraftstoff
Normung
Wirkungsanalyse
Fossiler Energieträger
Klimaschutz
Soziale Kosten
Theorie
Biofuel
Standardization
Impact assessment
Climate protection
Social costs
Theory
topic_facet
Biofuel
Standardization
Impact assessment
Climate protection
Social costs
Theory
author
Greaker, Mads
author2
Hoel, Michael
Rosendahl, Knut Einar
author2Str
Hoel, Michael
Rosendahl, Knut Einar
description
Recent contributions have questioned whether biofuels policies actually lead to emissions reductions, and thus lower climate costs. In this paper we make two contributions to the literature. First, we study the market effects of a renewable fuel standard. Opposed to most previous studies we model the supply of fossil fuels taking into account that fossil fuels is a non-renewable resource. Second, we model emissions from land use change explicitly when we evaluate the climate effects of the renewable fuel standard. We find that extraction of fossil fuels most likely will decline initially as a consequence of the standard. Thus, if emissions from biofuels are sufficiently low, the standard will have beneficial climate effects. Furthermore, we find that the standard tends to reduce total fuel (i.e., oil plus biofuels) consumption initially. Hence, even if emissions from biofuels are substantial, climate costs may be reduced. Finally, if only a subset of countries introduce a renewable fuel standard, there will be carbon leakage to the rest of the world. However, climate costs may decline as global extraction of fossil fuels is postponed.
url
https://www.econstor.eu/bitstream/10419/102054/1/784967792.pdf
series
Discussion Papers
seriesStr
Discussion Papers
Discussion Papers
series2
Discussion Papers
series2_facet
Discussion Papers
up_date
2019-11-14T03:54:29.636Z
_version_
1650147923191660546

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