Title
Mandates, buyouts and fuel-tax rebates : some economic aspects of biofuel policies using the UK as an example
Description
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.
URL
http://dx.doi.org/10.1016/j.enpol.2010.11.052
URL Description
Abstract
Language
English
Author
Alan Swinbank
Author
Philip Jones
Author
Richard Tranter

biofuel; buyout; mandate

Is this item peer reviewed?
Yes
ISSN
0301-4215
Copyright URL
http://www.elsevier.com/wps/find/authorsview.authors/fundingbodyagreements
Publisher
Pergamon, Elsevier
Place of publication
Oxford
Is this item a pre-print or post-print?
Postprint
Title of journal
Energy policy