Will EU biofuel policies affect global agricultural markets?

M.A.H. Banse, H. van Meijl, A.A. Tabeau, G.B. Woltjer

    Research output: Contribution to journalArticleAcademicpeer-review

    166 Citations (Scopus)

    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.
    Original languageEnglish
    Pages (from-to)117-141
    JournalEuropean Review of Agricultural Economics
    Volume35
    Issue number2
    DOIs
    Publication statusPublished - 2008

    Keywords

    • land-use scenarios
    • impact

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