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The economic and environmental credentials of biofuels and fossil fuels
Luleå University of Technology, Department of Business Administration, Technology and Social Sciences, Social Sciences.ORCID iD: 0000-0002-7996-6136
2008 (English)Conference paper, Oral presentation only (Other academic)
Abstract [en]

The world is currently involved in a frantic effort to substitute biofuels for gasoline and diesel. In 2001, biofuels accounted for less than 1/2% of total oil products use; in 2008 replacement is assessed to be 1.7% (equal to the crude oil output of Algeria). Originally, the effort was completely dominated by Brazil and the US, but in recent years the European Union has become a leading player. Its global goal for 2020 is a replacement of oil products by 10%. With the exception of Brazil's sugar-based ethanol, the biofuels programs are uneconomical, and driven by public support. Ethanol in the US receives subsidies in excess of $1 per liter of displaced gasoline, while support in Europe is in a range of $1.60-4.90. These numbers can be compared with a pretax gasoline and diesel price of $0.50 when crude oil sells at $70 per barrel, and around $0.65 with oil at

Place, publisher, year, edition, pages
2008.
National Category
Economics
Research subject
Economics
Identifiers
URN: urn:nbn:se:ltu:diva-37139Local ID: b102d5d1-cf42-45ce-a76a-495ba5484e32OAI: oai:DiVA.org:ltu-37139DiVA, id: diva2:1010637
Conference
International Geological Congress : 06/08/2008 - 14/08/2008
Note
Godkänd; 2008; 20110621 (andbra)Available from: 2016-10-03 Created: 2016-10-03 Last updated: 2018-06-04Bibliographically approved

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Radetzki, Marian

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