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Evaluating Alternative Energy Policies: An Example Comparing Transportation Energy Investments

James K. Binkley, Wallace E. Tyner, and Marie E. Matthews

Year: 1983
Volume: Volume 4
Number: Number 2
DOI: 10.5547/ISSN0195-6574-EJ-Vol4-No2-7
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Designing appropriate programs to deal with present and future energy problems faced by the United States has created a need for the evaluation and comparison of different policies. An important component of this is the generation of accurate information concerning the benefits and costs of alternative courses of action. Energy analysis is enormously complex, however, due to the pervasive influence of energy throughout the economy and the manifold factors that must be considered. Schmalensee has written that "discussions of energy policy, especially as regards new technologies, tend rapidly to become unwieldy because of the large number of serious complicating factors whose relevance is arguable" (1980, pp. 2-3). As a result of these complications, any information available to evaluate alternative energy policies Will almost of necessity be incomplete.

The Global Impacts of Biofuel Mandates

Thomas W. Hertel, Wallace E. Tyner and Dileep K. Birur

Year: 2010
Volume: Volume 31
Number: Number 1
DOI: 10.5547/ISSN0195-6574-EJ-Vol31-No1-4
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The rise in world oil prices, coupled with heightened interest in the abatement of greenhouse gas emissions, led to a sharp increase in biofuels production around the world. Previous authors have devoted considerable attention to the impacts of these policies on a country-by-country basis. However, there are also strong interactions among these programs, as they compete in world markets for feedstocks and ultimately for a limited supply of global land. In this paper, we offer the first global assessment of biofuel programs � focusing particularly on the EU and US. We begin with an historical analysis of the period 2001-2006, which also permits us to validate the model. We then conduct an ex ante analysis of mandates in the year 2015. We find that if these mandates are indeed fulfilled the impact on global land use could be substantial, with potentially significant implications for greenhouse gas emissions.

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