Grafton, R. Quentin; Kompas, Tom; Long, Ngo Van - Crawford School of Public Policy, Australian National … - 2010
Conventional wisdom suggests that subsidising biofuel production will reduce greenhouse gas (GHG) emissions. This paper shows that in many cases, and for a wide range of parameter values, this is not true. Biofuel subsidies can generate supply-side response by fossil fuel producers that...