Cost and carbon-intensity reducing innovation in biofuels for road transportation

William A. Scott

Energy Policy, 2025, vol. 197, issue C

Abstract: The transportation sector is the leading contributor to greenhouse gas emissions in the United States. Incentives for biofuel production in the form of direct subsidies and tradable performance standards have been substantial. Although research suggests such policies are less cost-effective at reducing emissions than an explicit carbon price, a dynamic assessment that accounts for innovation may differ substantially from static cost estimates. This study evaluates cost and carbon-intensity reducing innovation in the U.S. biofuel industry and estimates the value of social benefits for comparison with the observed level of policy support.

Keywords: Innovation; Biofuel policy; Experience curves; Carbon intensity; GHG emissions (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:197:y:2025:i:c:s0301421524004361

DOI: 10.1016/j.enpol.2024.114416

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