The last 10 years have seen tremendous expansion in biofuels production, particularly in corn ethanol in the United States, at the same time that commodity prices (e.g., corn) have experienced significant spikes. While supporters claim that biofuels are renewable and carbon-friendly, concerns...

Much has been written on the alleged negative impact of rapidly growing biofuel production on agricultural markets and prices. Within a longer-term perspective one critical aspect in this respect is the limited development of biofuel international trade observed thus far. Due mainly to the...

European power producers have a major influence on the EU ETS, given that both their CO2 emissions and their EUA (European Union Allowance) allocations account for more than half of the total volumes of the scheme. Fuel switching is often considered as the main short-term abatement measure under...