Modeling biofuels policies in general equilibrium: insights, pitfalls and opportunities
<p>Over the past decade, biofuels production in the EU and US has boomed – much of this due to government mandates and subsidies. The US has now surpassed Brazil as the world’s leading<br /> producer of ethanol. The economic and environmental impact of these biofuel programs has become an important question of public policy. Due to the complex intersectoral linkages