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Biofuel Policies: Subsidy vs. Carbon Tax

In: The Impacts of Biofuels on the Economy, Environment, and Poverty

Author

Listed:
  • Govinda R. Timilsina

    (The World Bank)

  • Stefan Csordás

    (United Nations Economic Commission for Africa)

  • Simon Mevel

    (United Nations Economic Commission for Africa)

Abstract

Large-scale deployment of cleaner energy sources and technologies through targeted policies is a key measure to reduce GHG emissions. Biofuels are such cleaner sources of energy particularly for the transport sector, a sector that offers only limited options to reduce emissions compared to other sectors such as power and industry. As of yet, biofuel penetration into the transportation fuel mix has only reached about 2 % globally. Biofuels lag in substituting fossil fuels due to high investment costs and rising input prices due to competing demands for feedstock. It is important to note, however, that fossil fuels are cheaper partly because pollution and negative externalities are not captured in its prices. Hence, a level playing field needs to be created between biofuels and fossil fuels (gasoline and diesel) either by subsidizing biofuels or taxing petroleum products. This chapter compares these two types of policies aimed at promoting biofuels.

Suggested Citation

  • Govinda R. Timilsina & Stefan Csordás & Simon Mevel, 2014. "Biofuel Policies: Subsidy vs. Carbon Tax," Natural Resource Management and Policy, in: Govinda R. Timilsina & David Zilberman (ed.), The Impacts of Biofuels on the Economy, Environment, and Poverty, edition 127, chapter 0, pages 123-129, Springer.
    • Handle: RePEc:spr:nrmchp:978-1-4939-0518-8_10
    DOI: 10.1007/978-1-4939-0518-8_10
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