The Future Role of Biofuels in the Asia-Pacific Region

William T. Coyle and Walter J. Armbruster

No 10412, 2007 Conference (51st), February 13-16, 2007, Queenstown, New Zealand from Australian Agricultural and Resource Economics Society

Abstract: There is growing interest in agriculture as a source of bio-fuels to replace petroleum-based transportation fuels. Ethanol production has more than doubled from 2000 to 2005 but still accounts for less than two percent of the world�'s transportation petrol supply. The future role of bio-fuels will be determined by continuation of high oil prices, availability of low cost feed stocks and favorable government policy. Possible government strategies include a strong policy commitment to reduce investment risk in the biofuel sector, public support for commercializing second generation biofuel, and accounting for country-specific agricultural and economic realities.

Keywords: Resource /Energy Economics and Policy (search for similar items in EconPapers)
Date: 2007
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