Biofuels : Markets, Targets and Impacts
This paper reviews recent developments
in biofuel markets and their economic, social and
environmental impacts. Several countries have introduced
mandates and targets for biofuel expansion. Production,
international trade and investment have increased sharply in
the past few years. However, several existing studies have
blamed biofuels as one of the key factors behind the
2007-2008 global food crisis, although the magnitudes of