The Long Run Impact of Biofuels on Food Prices PDF Download
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Author: Ujjayant Chakravorty
Publisher:
ISBN:
Category :
Languages : en
Pages : 49
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Book Description
Author: Ujjayant Chakravorty
Publisher:
ISBN:
Category :
Languages : en
Pages : 49
Get Book Here
Book Description
Author: Ujjayant Chakravorty
Publisher:
ISBN:
Category :
Languages : en
Pages : 53
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Book Description
More than 40 percent of US corn is now used to produce biofuels, which are used as substitutes for gasoline in transportation. Biofuels have been blamed universally for past increases in world food prices, and many studies have shown that energy mandates in the United States and European Union may have a large (30-60 percent) impact on food prices. In this paper, we use a partial equilibrium framework to show that demand-side effects -- in the form of population growth and income-driven preferences for meat and dairy products rather than cereals -- may play as much of a role in raising food prices as biofuels policy. By specifying a Ricardian model with differential land quality, we find that a significant amount of new land will be converted to farming, which is likely to cause a modest increase in food prices. However, biofuels may actually increase aggregate world carbon emissions, due to leakage from lower oil prices and conversion of pasture and forest land to farming.
Author: Ujjayant Chakravorty
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
About 40 percent of US corn is now used to produce biofuels, which are used as substitutes for gasoline in transportation. In this paper, we use a Ricardian model with differential land quality to show that world food prices could rise by about 32 percent by 2022. About half of this increase is from the biofuel mandate and the rest is a result of demand-side effects in the form of population growth and income-induced changes in dietary preferences, from cereals to meat and dairy products. However, aggregate world carbon emissions would increase, because of significant land conversion to farming and leakage from lower oil prices.
Author: United States. Congress. Senate. Committee on Energy and Natural Resources
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 104
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Book Description
Author: Patrick Westhoff
Publisher: FT Press
ISBN: 0137071469
Category :
Languages : en
Pages : 257
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Book Description
Over the past two years, food prices have soared -- and plummeted. As crops are increasingly shifted to biofuel production, will food prices soar again? Will people starve as a result? What are the hidden relationships between the food on your plate and the gas in your car? Will economic recovery lead directly to massive price inflation in both food and energy? In this book, one of the world's leading experts untangles the complex global relationships between food, energy, and economics and helps readers come to their own conclusions about the future of food. Pat Westhoff reveals what really causes large swings in food prices and what is likely to cause them to rise and fall in the future. Westhoff discusses all the factors that drive changes in the cost of food: not just biofuel production, but also weather, income growth, exchange rates, energy prices, government policies, market speculation, and more. Next, he walks through several of the most likely scenarios for the future, offering insights that will be indispensable to consumers, commodity speculators, and policymakers alike.
Author: Harry de Gorter
Publisher: Springer
ISBN: 1137414855
Category : Business & Economics
Languages : en
Pages : 320
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Book Description
The global food crises of 2008 and 2010 and the increased price volatility revolve around biofuels policies and their interaction with each other, farm policies and between countries. While a certain degree of research has been conducted on biofuel efficacy and logistics, there is currently no book on the market devoted to the economics of biofuel policies. The Economics of Biofuel Policies focuses on the role of biofuel policies in creating turmoil in the world grains and oilseed markets since 2006. This new volume is the first to put together theory and empirical evidence of how biofuel policies created a link between crop (food grains and oilseeds) and biofuel (ethanol and biodiesel) prices. This combined with biofuel policies role in affecting the link between biofuels and energy (gasoline, diesel and crude oil) prices will form the basis to show how alternative US, EU, and Brazilian biofuel policies have immense impacts on the level and volatility of food grain and oilseed prices.
Author: Jean-Paul Chavas
Publisher: University of Chicago Press
ISBN: 022612892X
Category : Business & Economics
Languages : en
Pages : 394
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Book Description
"The conference was organized by the three editors of this book and took place on August 15-16, 2012 in Seattle."--Preface.
Author: National Research Council
Publisher: National Academies Press
ISBN: 0309187516
Category : Technology & Engineering
Languages : en
Pages : 416
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Book Description
In the United States, we have come to depend on plentiful and inexpensive energy to support our economy and lifestyles. In recent years, many questions have been raised regarding the sustainability of our current pattern of high consumption of nonrenewable energy and its environmental consequences. Further, because the United States imports about 55 percent of the nation's consumption of crude oil, there are additional concerns about the security of supply. Hence, efforts are being made to find alternatives to our current pathway, including greater energy efficiency and use of energy sources that could lower greenhouse gas (GHG) emissions such as nuclear and renewable sources, including solar, wind, geothermal, and biofuels. The United States has a long history with biofuels and the nation is on a course charted to achieve a substantial increase in biofuels. Renewable Fuel Standard evaluates the economic and environmental consequences of increasing biofuels production as a result of Renewable Fuels Standard, as amended by EISA (RFS2). The report describes biofuels produced in 2010 and those projected to be produced and consumed by 2022, reviews model projections and other estimates of the relative impact on the prices of land, and discusses the potential environmental harm and benefits of biofuels production and the barriers to achieving the RFS2 consumption mandate. Policy makers, investors, leaders in the transportation sector, and others with concerns for the environment, economy, and energy security can rely on the recommendations provided in this report.
Author: Jana Georges El Choueiry
Publisher:
ISBN:
Category :
Languages : en
Pages : 352
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Book Description
At the eve of the Financial Crisis that exploded in the summer of 2007, another more vital crisis came into view, the Food Prices Crisis. Riots; protests and conflicts invaded a vast number of countries urging public authorities to react so that to mitigate the effect of a food emergency situation that emerged in developing countries. Whenever a problem with that level of seriousness arises, it is crucial for World's leaders to deeply analyze the issue so that to track down its sources and start curing it.--The main goal of this project is to identify all possible reasons that lie behind the 2007-2008 food prices crisis and to see how drastic its effects were especially on developing countries where originally a problem of food scarcity was faced. After having identified the possible causes and effects of the surge in food commodities prices in Chapter II, this project presents an insight on the Biofuels, an alternative energy source which are increasingly attracting attention and begun steadily expanding in 2003 especially in the US, Brazil and the EU. The reason why Chapter III is dedicated to biofuels is due to the debate there is about these fuels and whether they add upward pressure on food prices for the strong relationship that exists between them and agriculture commodities. --The project then moves to the empirical part of its work in Chapter IV, whereby tests will be conducted to examine the existence of a long run relationship between the dependent variable that is the IMF Food Price Index and all of the five independent variables that are the World Ethanol Production, Open Interests on futures commodities markets, Oil Price Index, China's and India's population and last but not least the value of the USD against 1EUR. After having identified the most significant long run relationship exhibited between some of the independent variables and the dependent variable, this Chapter moves then to testing the existence of a short run relationship and to do.
Author: Joshua S. Graff Zivin
Publisher: University of Chicago Press
ISBN: 0226988031
Category : Art
Languages : en
Pages : 310
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Book Description
Using economic models and empirical analysis, this volume examines a wide range of agricultural and biofuel policy issues and their effects on American agricultural and related agrarian insurance markets. Beginning with a look at the distribution of funds by insurance programs—created to support farmers but often benefiting crop processors instead—the book then examines the demand for biofuel and the effects of biofuel policies on agricultural price uncertainty. Also discussed are genetically engineered crops, which are assuming an increasingly important role in arbitrating tensions between energy production, environmental protection, and the global food supply. Other contributions discuss the major effects of genetic engineering on worldwide food markets. By addressing some of the most challenging topics at the intersection of agriculture and biotechnology, this volume informs crucial debates.
