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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.
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: 2017-11-25Bibliographically approved

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CiteExportLink to record
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