Biofuels : Markets, Targets and Impacts

This paper reviews recent developments in biofuel markets and their economic, social and environmental impacts. Several countries have introduced mandates and targets for biofuel expansion. Production, international trade and investment have increa...

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Main Authors: Timilsina, Govinda R., Shrestha, Ashish
Format: Policy Research Working Paper
Language:English
Published: 2012
Subjects:
AIR
CO
CO2
GHG
OIL
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100719162226
http://hdl.handle.net/10986/3848
id okr-10986-3848
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic ACID
AGRICULTURAL COMMODITIES
AGRICULTURAL RESIDUES
AIR
AIR POLLUTANTS
AIR POLLUTION
AIR QUALITY
ALTERNATIVE FUELS
ANAEROBIC DIGESTION
APPROACH
AVAILABILITY
BAGASSE
BALANCE
BIODIESEL
BIOENERGY
BIOFUEL
BIOFUEL INDUSTRIES
BIOFUEL INDUSTRY
BIOFUEL PRODUCTION
BIOFUEL TECHNOLOGIES
BIOFUEL USE
BIOFUELS
BIOFUELS INDUSTRY
BIOFUELS PRODUCTION
BIOFUELS TECHNOLOGIES
BIOLOGICAL MATERIAL
BIOMASS
BIOMASS ENERGY
BIOMASS PRODUCTIVITY
BIOMASS USING
CANE ETHANOL
CARBON DIOXIDE
CARBON LOSSES
CARBON MONOXIDE
CELLULOSE
CELLULOSIC ETHANOL
CELLULOSIC FEEDSTOCK
CELLULOSIC FEEDSTOCKS
CERTIFIED EMISSION REDUCTIONS
CHEMICAL BIOMASS CONVERSION
CHEMICAL PROCESS
CLIMATE
CLIMATE CHANGE
CLIMATE CHANGE MITIGATION
CO
CO2
COAL
COGENERATION
COMBUSTION
CONCENTRATES
CONVENTIONAL DIESEL
CONVENTIONAL GASOLINE
COOKING
COOKING OIL
CORN
CORN CROP
CORN ETHANOL
CORN PRICE
CORN PRICES
CORN PRODUCTION
CORN STOVER
COST OF ETHANOL
COST OF SUGARCANE
COSTS OF ETHANOL PRODUCTION
CROP RESIDUES
CULTIVATED LAND
CUMULATIVE GREENHOUSE GAS EMISSIONS
DEFORESTATION
DEMAND FOR ETHANOL
DEMONSTRATION PLANT
DIESEL
DIESEL CONSUMPTION
DIESEL FUEL
DISTILLERY
DROUGHT
EFFICIENCY IMPROVEMENT
ELECTRICITY
EMISSION
EMISSION REDUCTION
EMISSION REDUCTIONS
ENERGY CARRIER
ENERGY CARRIERS
ENERGY CONSUMPTION
ENERGY COSTS
ENERGY DEMAND
ENERGY EFFICIENCY
ENERGY EFFICIENCY IMPROVEMENT
ENERGY GAINS
ENERGY INPUT
ENERGY OUTLOOK
ENERGY OUTPUT
ENERGY POLICY
ENERGY PRICES
ENERGY SECURITY
ENERGY SOURCES
ENERGY SUPPLY
ENVIRONMENTAL CONSEQUENCES
ENVIRONMENTAL IMPACTS
ENVIRONMENTAL PROTECTION
ESTER
ETBE
ETHANOL
ETHANOL BLENDING
ETHANOL IMPORTS
ETHANOL INDUSTRY
ETHANOL OUTPUT
ETHANOL PLANT
ETHANOL PLANTS
ETHANOL PRODUCER
ETHANOL PRODUCTION
ETHANOL PRODUCTION COSTS
ETHANOL PRODUCTION PROCESS
ETHANOL PROGRAM
FEEDSTOCK
FEEDSTOCK COSTS
FEEDSTOCK PRICES
FEEDSTOCKS
FERMENTATION
FOOD CROPS
FOREST LAND
FOREST LANDS
FOREST RESIDUES
FOSSIL
FOSSIL DIESEL
FOSSIL FUEL
FOSSIL FUEL CONSUMPTION
FOSSIL FUEL COUNTERPARTS
FOSSIL FUELS
FUEL DEMAND
FUEL EFFICIENCY
FUEL ETHANOL
FUEL ETHANOL INDUSTRY
FUEL ETHANOL PRODUCTION
FUEL PRICES
FUEL PRODUCTION
FUEL REPLACEMENT
FUEL SUPPLY
GAS PRICES
GASIFICATION
GASOLINE
GASOLINE CONSUMPTION
GASOLINE SALES
GENERATION
GHG
GRAIN PRICES
GREEN ENERGY
GREENHOUSE
GREENHOUSE GAS
GREENHOUSE GAS EMISSIONS
GREENHOUSE GAS MITIGATION
GREENHOUSE GAS REDUCTIONS
GREENHOUSE GAS RELEASE
HEAT
HEMICELLULOSE
HIGH ETHANOL
HYDROCARBONS
HYDROLYSIS
JATROPHA
LAND USE
LIGNIN
LIGNOCELLULOSIC BIOMASS
LIPIDS
LIQUID FUEL
LIQUID FUELS
LUBRICITY
MAIZE
METHANE
METHANOL
MICROALGAE
MIXTURE OF ETHANOL
NATURAL GAS
NATURAL RESOURCES
NITROGEN
NITROGEN FERTILIZER
OCTANE VALUE
OIL
OIL CRISIS
OIL DEMAND
OIL IMPORTS
OIL PALM
OIL PRICE
OIL PRICES
OIL PRODUCTION
OIL SEEDS
OIL USE
OILS
ORGANIC CARBON
PARTICULATE
PARTICULATE MATTER
PETROLEUM
PETROLEUM GAS
POLLUTANT EMISSIONS
POLLUTANTS
POWER
POWER PLANTS
PRICE ELASTICITY
PRICE OF GASOLINE
PRICE OF OIL
PRODUCTION OF ETHANOL
PRODUCTION OF FEEDSTOCKS
RAPESEED
RAPESEED OIL
REGULAR GASOLINE
RENEWABLE ELECTRICITY
RENEWABLE ENERGIES
RENEWABLE ENERGY
RENEWABLE ENERGY RESOURCE
RENEWABLE ENERGY RESOURCES
RENEWABLE FUEL
RENEWABLE FUELS
SEWAGE
SORGHUM
SOY OIL
SOYBEAN OIL
SOYBEAN PRODUCTION
SUGAR
SUGAR BEET
SUGAR BEETS
SUGAR CANE
SUGARCANE
SUGARCANE CULTIVATION
SUGARCANE ETHANOL
SUGARCANE PRODUCTION
SUGARS
SULFUR
SULFUR EMISSIONS
SYNTHETIC GAS
TAX CREDIT
TAX CREDITS
TAX EXEMPTION
TRANSPORT SECTOR
TROPICAL FOREST
VEGETABLE OIL
VEGETABLE OILS
VEHICLES
VOLUME OF ETHANOL
WASTE MATERIAL
WASTEWATER TREATMENT
WATER MANAGEMENT
WATER VAPOR
WHEAT
WIND
WOOD
WOOD WASTES
spellingShingle ACID
AGRICULTURAL COMMODITIES
AGRICULTURAL RESIDUES
AIR
AIR POLLUTANTS
AIR POLLUTION
AIR QUALITY
ALTERNATIVE FUELS
ANAEROBIC DIGESTION
APPROACH
AVAILABILITY
BAGASSE
BALANCE
BIODIESEL
BIOENERGY
BIOFUEL
BIOFUEL INDUSTRIES
BIOFUEL INDUSTRY
BIOFUEL PRODUCTION
BIOFUEL TECHNOLOGIES
BIOFUEL USE
BIOFUELS
BIOFUELS INDUSTRY
BIOFUELS PRODUCTION
BIOFUELS TECHNOLOGIES
BIOLOGICAL MATERIAL
BIOMASS
BIOMASS ENERGY
BIOMASS PRODUCTIVITY
BIOMASS USING
CANE ETHANOL
CARBON DIOXIDE
CARBON LOSSES
CARBON MONOXIDE
CELLULOSE
CELLULOSIC ETHANOL
CELLULOSIC FEEDSTOCK
CELLULOSIC FEEDSTOCKS
CERTIFIED EMISSION REDUCTIONS
CHEMICAL BIOMASS CONVERSION
CHEMICAL PROCESS
CLIMATE
CLIMATE CHANGE
CLIMATE CHANGE MITIGATION
CO
CO2
COAL
COGENERATION
COMBUSTION
CONCENTRATES
CONVENTIONAL DIESEL
CONVENTIONAL GASOLINE
COOKING
COOKING OIL
CORN
CORN CROP
CORN ETHANOL
CORN PRICE
CORN PRICES
CORN PRODUCTION
CORN STOVER
COST OF ETHANOL
COST OF SUGARCANE
COSTS OF ETHANOL PRODUCTION
CROP RESIDUES
CULTIVATED LAND
CUMULATIVE GREENHOUSE GAS EMISSIONS
DEFORESTATION
DEMAND FOR ETHANOL
DEMONSTRATION PLANT
DIESEL
DIESEL CONSUMPTION
DIESEL FUEL
DISTILLERY
DROUGHT
EFFICIENCY IMPROVEMENT
ELECTRICITY
EMISSION
EMISSION REDUCTION
EMISSION REDUCTIONS
ENERGY CARRIER
ENERGY CARRIERS
ENERGY CONSUMPTION
ENERGY COSTS
ENERGY DEMAND
ENERGY EFFICIENCY
ENERGY EFFICIENCY IMPROVEMENT
ENERGY GAINS
ENERGY INPUT
ENERGY OUTLOOK
ENERGY OUTPUT
ENERGY POLICY
ENERGY PRICES
ENERGY SECURITY
ENERGY SOURCES
ENERGY SUPPLY
ENVIRONMENTAL CONSEQUENCES
ENVIRONMENTAL IMPACTS
ENVIRONMENTAL PROTECTION
ESTER
ETBE
ETHANOL
ETHANOL BLENDING
ETHANOL IMPORTS
ETHANOL INDUSTRY
ETHANOL OUTPUT
ETHANOL PLANT
ETHANOL PLANTS
ETHANOL PRODUCER
ETHANOL PRODUCTION
ETHANOL PRODUCTION COSTS
ETHANOL PRODUCTION PROCESS
ETHANOL PROGRAM
FEEDSTOCK
FEEDSTOCK COSTS
FEEDSTOCK PRICES
FEEDSTOCKS
FERMENTATION
FOOD CROPS
FOREST LAND
FOREST LANDS
FOREST RESIDUES
FOSSIL
FOSSIL DIESEL
FOSSIL FUEL
FOSSIL FUEL CONSUMPTION
FOSSIL FUEL COUNTERPARTS
FOSSIL FUELS
FUEL DEMAND
FUEL EFFICIENCY
FUEL ETHANOL
FUEL ETHANOL INDUSTRY
FUEL ETHANOL PRODUCTION
FUEL PRICES
FUEL PRODUCTION
FUEL REPLACEMENT
FUEL SUPPLY
GAS PRICES
GASIFICATION
GASOLINE
GASOLINE CONSUMPTION
GASOLINE SALES
GENERATION
GHG
GRAIN PRICES
GREEN ENERGY
GREENHOUSE
GREENHOUSE GAS
GREENHOUSE GAS EMISSIONS
GREENHOUSE GAS MITIGATION
GREENHOUSE GAS REDUCTIONS
GREENHOUSE GAS RELEASE
HEAT
HEMICELLULOSE
HIGH ETHANOL
HYDROCARBONS
HYDROLYSIS
JATROPHA
LAND USE
LIGNIN
LIGNOCELLULOSIC BIOMASS
LIPIDS
LIQUID FUEL
LIQUID FUELS
LUBRICITY
MAIZE
METHANE
METHANOL
MICROALGAE
MIXTURE OF ETHANOL
NATURAL GAS
NATURAL RESOURCES
NITROGEN
NITROGEN FERTILIZER
OCTANE VALUE
OIL
OIL CRISIS
OIL DEMAND
OIL IMPORTS
OIL PALM
OIL PRICE
OIL PRICES
OIL PRODUCTION
OIL SEEDS
OIL USE
OILS
ORGANIC CARBON
PARTICULATE
PARTICULATE MATTER
PETROLEUM
PETROLEUM GAS
POLLUTANT EMISSIONS
POLLUTANTS
POWER
POWER PLANTS
PRICE ELASTICITY
PRICE OF GASOLINE
PRICE OF OIL
PRODUCTION OF ETHANOL
PRODUCTION OF FEEDSTOCKS
RAPESEED
RAPESEED OIL
REGULAR GASOLINE
RENEWABLE ELECTRICITY
RENEWABLE ENERGIES
RENEWABLE ENERGY
RENEWABLE ENERGY RESOURCE
RENEWABLE ENERGY RESOURCES
RENEWABLE FUEL
RENEWABLE FUELS
SEWAGE
SORGHUM
SOY OIL
SOYBEAN OIL
SOYBEAN PRODUCTION
SUGAR
SUGAR BEET
SUGAR BEETS
SUGAR CANE
SUGARCANE
SUGARCANE CULTIVATION
SUGARCANE ETHANOL
SUGARCANE PRODUCTION
SUGARS
SULFUR
SULFUR EMISSIONS
SYNTHETIC GAS
TAX CREDIT
TAX CREDITS
TAX EXEMPTION
TRANSPORT SECTOR
TROPICAL FOREST
VEGETABLE OIL
VEGETABLE OILS
VEHICLES
VOLUME OF ETHANOL
WASTE MATERIAL
WASTEWATER TREATMENT
WATER MANAGEMENT
WATER VAPOR
WHEAT
WIND
WOOD
WOOD WASTES
Timilsina, Govinda R.
Shrestha, Ashish
Biofuels : Markets, Targets and Impacts
geographic_facet The World Region
The World Region
relation Policy Research working paper ; no. WPS 5364
description This paper reviews recent developments in biofuel markets and their economic, social and environmental impacts. Several countries have introduced mandates and targets for biofuel expansion. Production, international trade and investment have increased sharply in the past few years. However, several existing studies have blamed biofuels as one of the key factors behind the 2007-2008 global food crisis, although the magnitudes of impacts in these studies vary widely depending on the underlying assumptions and structure of the models. Existing studies also have huge disparities in the magnitude of long-term impacts of biofuels on food prices and supply; studies that model only the agricultural sector show higher impacts, whereas studies that model the entire economy show relatively lower impacts. In terms of climate change mitigation impacts, there exists a consensus that current biofuels lead to greenhouse gas mitigation only when greenhouse gas emissions related to land-use change are not counted. If conversion of carbon rich forest land to crop land is not avoided, the resulting greenhouse gas release would mean that biofuels would not reduce cumulative greenhouse gas emissions until several years had passed. Overall, results from most of the existing literature do not favor diversion of food for large-scale production of biofuels, although regulated production of biofuels in countries with surplus land and a strong biofuel industry are not ruled out. Developments in second generation biofuels offer some hope, yet they still compete with food supply through land use and are currently constrained by a number of technical and economic barriers.
format Publications & Research :: Policy Research Working Paper
author Timilsina, Govinda R.
Shrestha, Ashish
author_facet Timilsina, Govinda R.
Shrestha, Ashish
author_sort Timilsina, Govinda R.
title Biofuels : Markets, Targets and Impacts
title_short Biofuels : Markets, Targets and Impacts
title_full Biofuels : Markets, Targets and Impacts
title_fullStr Biofuels : Markets, Targets and Impacts
title_full_unstemmed Biofuels : Markets, Targets and Impacts
title_sort biofuels : markets, targets and impacts
publishDate 2012
url http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100719162226
http://hdl.handle.net/10986/3848
_version_ 1764388652787433472
spelling okr-10986-38482021-04-23T14:02:13Z Biofuels : Markets, Targets and Impacts Timilsina, Govinda R. Shrestha, Ashish ACID AGRICULTURAL COMMODITIES AGRICULTURAL RESIDUES AIR AIR POLLUTANTS AIR POLLUTION AIR QUALITY ALTERNATIVE FUELS ANAEROBIC DIGESTION APPROACH AVAILABILITY BAGASSE BALANCE BIODIESEL BIOENERGY BIOFUEL BIOFUEL INDUSTRIES BIOFUEL INDUSTRY BIOFUEL PRODUCTION BIOFUEL TECHNOLOGIES BIOFUEL USE BIOFUELS BIOFUELS INDUSTRY BIOFUELS PRODUCTION BIOFUELS TECHNOLOGIES BIOLOGICAL MATERIAL BIOMASS BIOMASS ENERGY BIOMASS PRODUCTIVITY BIOMASS USING CANE ETHANOL CARBON DIOXIDE CARBON LOSSES CARBON MONOXIDE CELLULOSE CELLULOSIC ETHANOL CELLULOSIC FEEDSTOCK CELLULOSIC FEEDSTOCKS CERTIFIED EMISSION REDUCTIONS CHEMICAL BIOMASS CONVERSION CHEMICAL PROCESS CLIMATE CLIMATE CHANGE CLIMATE CHANGE MITIGATION CO CO2 COAL COGENERATION COMBUSTION CONCENTRATES CONVENTIONAL DIESEL CONVENTIONAL GASOLINE COOKING COOKING OIL CORN CORN CROP CORN ETHANOL CORN PRICE CORN PRICES CORN PRODUCTION CORN STOVER COST OF ETHANOL COST OF SUGARCANE COSTS OF ETHANOL PRODUCTION CROP RESIDUES CULTIVATED LAND CUMULATIVE GREENHOUSE GAS EMISSIONS DEFORESTATION DEMAND FOR ETHANOL DEMONSTRATION PLANT DIESEL DIESEL CONSUMPTION DIESEL FUEL DISTILLERY DROUGHT EFFICIENCY IMPROVEMENT ELECTRICITY EMISSION EMISSION REDUCTION EMISSION REDUCTIONS ENERGY CARRIER ENERGY CARRIERS ENERGY CONSUMPTION ENERGY COSTS ENERGY DEMAND ENERGY EFFICIENCY ENERGY EFFICIENCY IMPROVEMENT ENERGY GAINS ENERGY INPUT ENERGY OUTLOOK ENERGY OUTPUT ENERGY POLICY ENERGY PRICES ENERGY SECURITY ENERGY SOURCES ENERGY SUPPLY ENVIRONMENTAL CONSEQUENCES ENVIRONMENTAL IMPACTS ENVIRONMENTAL PROTECTION ESTER ETBE ETHANOL ETHANOL BLENDING ETHANOL IMPORTS ETHANOL INDUSTRY ETHANOL OUTPUT ETHANOL PLANT ETHANOL PLANTS ETHANOL PRODUCER ETHANOL PRODUCTION ETHANOL PRODUCTION COSTS ETHANOL PRODUCTION PROCESS ETHANOL PROGRAM FEEDSTOCK FEEDSTOCK COSTS FEEDSTOCK PRICES FEEDSTOCKS FERMENTATION FOOD CROPS FOREST LAND FOREST LANDS FOREST RESIDUES FOSSIL FOSSIL DIESEL FOSSIL FUEL FOSSIL FUEL CONSUMPTION FOSSIL FUEL COUNTERPARTS FOSSIL FUELS FUEL DEMAND FUEL EFFICIENCY FUEL ETHANOL FUEL ETHANOL INDUSTRY FUEL ETHANOL PRODUCTION FUEL PRICES FUEL PRODUCTION FUEL REPLACEMENT FUEL SUPPLY GAS PRICES GASIFICATION GASOLINE GASOLINE CONSUMPTION GASOLINE SALES GENERATION GHG GRAIN PRICES GREEN ENERGY GREENHOUSE GREENHOUSE GAS GREENHOUSE GAS EMISSIONS GREENHOUSE GAS MITIGATION GREENHOUSE GAS REDUCTIONS GREENHOUSE GAS RELEASE HEAT HEMICELLULOSE HIGH ETHANOL HYDROCARBONS HYDROLYSIS JATROPHA LAND USE LIGNIN LIGNOCELLULOSIC BIOMASS LIPIDS LIQUID FUEL LIQUID FUELS LUBRICITY MAIZE METHANE METHANOL MICROALGAE MIXTURE OF ETHANOL NATURAL GAS NATURAL RESOURCES NITROGEN NITROGEN FERTILIZER OCTANE VALUE OIL OIL CRISIS OIL DEMAND OIL IMPORTS OIL PALM OIL PRICE OIL PRICES OIL PRODUCTION OIL SEEDS OIL USE OILS ORGANIC CARBON PARTICULATE PARTICULATE MATTER PETROLEUM PETROLEUM GAS POLLUTANT EMISSIONS POLLUTANTS POWER POWER PLANTS PRICE ELASTICITY PRICE OF GASOLINE PRICE OF OIL PRODUCTION OF ETHANOL PRODUCTION OF FEEDSTOCKS RAPESEED RAPESEED OIL REGULAR GASOLINE RENEWABLE ELECTRICITY RENEWABLE ENERGIES RENEWABLE ENERGY RENEWABLE ENERGY RESOURCE RENEWABLE ENERGY RESOURCES RENEWABLE FUEL RENEWABLE FUELS SEWAGE SORGHUM SOY OIL SOYBEAN OIL SOYBEAN PRODUCTION SUGAR SUGAR BEET SUGAR BEETS SUGAR CANE SUGARCANE SUGARCANE CULTIVATION SUGARCANE ETHANOL SUGARCANE PRODUCTION SUGARS SULFUR SULFUR EMISSIONS SYNTHETIC GAS TAX CREDIT TAX CREDITS TAX EXEMPTION TRANSPORT SECTOR TROPICAL FOREST VEGETABLE OIL VEGETABLE OILS VEHICLES VOLUME OF ETHANOL WASTE MATERIAL WASTEWATER TREATMENT WATER MANAGEMENT WATER VAPOR WHEAT WIND WOOD WOOD WASTES This paper reviews recent developments in biofuel markets and their economic, social and environmental impacts. Several countries have introduced mandates and targets for biofuel expansion. Production, international trade and investment have increased sharply in the past few years. However, several existing studies have blamed biofuels as one of the key factors behind the 2007-2008 global food crisis, although the magnitudes of impacts in these studies vary widely depending on the underlying assumptions and structure of the models. Existing studies also have huge disparities in the magnitude of long-term impacts of biofuels on food prices and supply; studies that model only the agricultural sector show higher impacts, whereas studies that model the entire economy show relatively lower impacts. In terms of climate change mitigation impacts, there exists a consensus that current biofuels lead to greenhouse gas mitigation only when greenhouse gas emissions related to land-use change are not counted. If conversion of carbon rich forest land to crop land is not avoided, the resulting greenhouse gas release would mean that biofuels would not reduce cumulative greenhouse gas emissions until several years had passed. Overall, results from most of the existing literature do not favor diversion of food for large-scale production of biofuels, although regulated production of biofuels in countries with surplus land and a strong biofuel industry are not ruled out. Developments in second generation biofuels offer some hope, yet they still compete with food supply through land use and are currently constrained by a number of technical and economic barriers. 2012-03-19T18:40:53Z 2012-03-19T18:40:53Z 2010-07-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100719162226 http://hdl.handle.net/10986/3848 English Policy Research working paper ; no. WPS 5364 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region The World Region