Mandates, buyouts and fuel-tax rebates: Some economic aspects of biofuel policies using the UK as an example

Alan Swinbank (), Richard Tranter and Philip Jones

Energy Policy, 2011, vol. 39, issue 3, 1249-1253

Abstract: Many governments mandate the blending of biofuels with fossil fuel supplies. The paper raises the possibility that some firms might choose not to respect such mandates, and cites the UK's experience, where a buyout of the obligation is possible. A simple economic framework is then used to explore some implications of mandate buyouts, including situations when buyouts and road-fuel-tax rebates are applied together. Finally, it discusses the design of buyout-mandate schemes that could release raw materials from biofuel production, following a future world food price shock.

Keywords: Biofuel; Buyout; Mandate (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (4)

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