Abstract
With the current phenomena of increasing food and oil prices there is an urgent need to scrutinize the controversial role of biofuels. They have recently been considered as both the promising source of inexpensive and sustainable energy and the underlying reason for soaring agricultural commodity prices. Owing to gradually growing population, that is forecast to reach 9 billion by 2050, and developing countries having higher standard of living, the society is faced with a great challenge of increased demand for food and energy never seen before. This, combined with declining oil reserves and substantial greenhouse gas emissions, has made groups of scientist, policy-makers as well as companies turn to the use of biofuels. The purpose of this paper is to conduct an analysis on the economic and environmental impact of large scale biofuels production with respect to food price spikes, energy-efficiency and carbon-debt issues
Keywords
References
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Abstract
References
- Alternative Fuels and Advanced Vehicles Data Center (2011), available at: http://www.afdc.energy.gov/afdc/data/fuels.html [accessed 19th July 2011] Environmental http://www.epa.gov/climatechange/emissions/ghgrulemaking.html [accessed 23rd July 2011] Protection Agency (2011), available at: Food http://www.fao.org/news/story/en/item/45210/icode/ [accessed 30th July 2011] Organization (2011), available at:
- International Monetary Fund, Lipsky J., (2008). Commodity prices and global inflation. http://www.imf.org/external/np/speeches/2008/050808.html [accessed 23rd July Available at:
- International Monetary Fund Research Department (2008). Biofuel demand pushes up food prices.
- National Biofuels Action Plan (2008). Biomass Research and Development Board.
- OECD Factbook 2010: Economic, Environmental and Social Statistics - ISBN 92- 08356-1.
- Rajcainova M., (2011). International Market Integration for Bioethanol Delhi
- Business Review Vol. 12, No. 1. U.S. http://www.census.gov/manufacturing/cir/historical_data/m311k/index.html accessed 20th July 2011] Bureau (2011), available at: U.S. http://www.nass.usda.gov/Statistics_by_Subject/index.php?sector=CROPS accessed 18th July 2011] of Agriculture (2011), available at:
- U.S. Energy Information Administration. Annual Energy Review, 2009.
- U.S. Energy Information Administration. Renewable Energy Consumption and Electricity Preliminary Statistics, June, 2011.
- World Bank (2008). A note on rising food prices.
- World Resource Institute (2011), available at: http://cait.wri.org/login- main.php?log=7&postlogin=cait [accessed 18th July 2011]
Details
| Other ID | JA48NE29HZ |
|---|---|
| Journal Section | Articles |
| Authors | |
| Publication Date | June 1, 2011 |
| Published in Issue | Year 2011 Volume: 3 Issue: 1 |