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GTAP Resources: Resource Display

GTAP Resource #2840

"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


Resource Details (Export Citation) GTAP Keywords
Category: GTAP Application
Status: Published
By/In: European Review of Agricultural Economics
Date: 2008
Version: Vol 35, pp 117-141.
Created: van Meijl, H. (9/3/2008)
Updated: Batta, G. (9/3/2008)
Visits: 1,247
- Bioenergy
- European Union


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