Kretschmer, Bettina, Narita, Daiju and Peterson, Sonja (2009) The economic effects of the EU biofuel target. Energy Economics, 31 . S285-S294. DOI 10.1016/j.eneco.2009.07.008.

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Abstract

In this paper we use the CGE model DART to assess the economic impacts and optimality of the
different aspects of the EU climate package. A special focus is placed on the 10% biofuel target in the
EU. In particular we analyze the development in the biofuel sectors, the effects on agricultural
production and prices and finally overall welfare implications. The main findings include that the EU
emission targets alone only lead to minor increases in biofuel production. Additional subsidies are
necessary to reach the 10% biofuel target. This in turn increases European agricultural prices by up to
7%. Additional welfare losses compared to a cost-effective scenario where the EU 20% emission
reduction target is reached occur due to separated carbon markets and the renewable quotas. The
biofuel target has relatively small negative or even positive welfare effects in some scenarios.

Document Type:	Article
Research affiliation:	Kiel University Kiel University > Kiel Marine Science OceanRep > The Future Ocean - Cluster of Excellence
Refereed:	Yes
Open Access Journal?:	No
Publisher:	Elsevier
Date Deposited:	05 Feb 2018 09:13
Last Modified:	23 Sep 2019 20:19
URI:	https://oceanrep.geomar.de/id/eprint/41825

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