Study on Asia Potential of Biofuel Market

Kaoru Yamaguchi, Mitsuo Matsumoto, Dadan Kusdiana, Takao Ikeda, Hisashi Hoshi, Sichao Kan, Chong Siang Chew, Noraida Binti Omar, Harrison Lau Lik Nang, Mario Castillo Masigan, Ruby Bugagao De Guzman, Kittipong Petai and Dechatorn Raungkraikonkit

in Books from Economic Research Institute for ASEAN and East Asia (ERIA)

Abstract: Given growing population, rising income level, and expanding urbanization, Asia’s demand for oil is expected to keep increasing rapidly. However, with limited resource reserves, most of the countries in this region are heavily dependent on import for their oil supply, which is a major, if not the most critical, concern in the countries energy policies. Though it has been debated intensively, biofuel is perceived as one of the possible options to address the oil security issue since expanding the use of biofuel will not only result to oil demand reduction but also contribute to diversification of liquid fuels import sources. Moreover, biofuel production also provides an additional way to increase farmer’s income.

Date: Written 2013-06 Originally published 2013-06.
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Persistent link: https://EconPapers.repec.org/RePEc:era:eriabk:2012-rpr-25

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