The Economics of Alternative Energy Sources and Globalization

Indexed in: Scopus, EBSCO.

Considerable effort and money are devoted to developing alternative energy sources, such as wind power, solar power, cellulosic ethanol, and biofuels. This ebook is a collection of research papers on ...
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Summary

Pp. x

DOI: 10.2174/97816080523321110101000x

Author(s): Andrew Schmitz, Norbert L. Wilson, Charles B. Moss, David Zilberman

Abstract

Biofuel production has expanded in Brazil in part because of hidden subsidies. Likewise, ethanol production from corn in the United States has expanded in part because of ethanol tariffs and ethanol processor tax credits. Without these subsidies, ethanol production in the United States would be much smaller. Even so, subsidies from biofuels will likely continue. Biofuel production has both negative and positive effects. The net benefits from biofuels are positive, providing there are significant positive environmental impacts, as well as significant negative price impacts in the overall fuels market. Biofuels produced from wood residues could have a bright future as wood residues can be used for electric power generation.