Growth in Biofuels Markets: Long Term Environmental and Socioeconomic Impacts (Final Report) [report]

Seth D. Meyer, Nicholas Kalaitzandonakes
2010 unpublished
Over the last several years increasing energy and petroleum prices have propelled biofuels and the feedstocks used to produce them, to the forefront of alternative energy production. This growth has increased the linkages between energy and agricultural markets and these changes around the world are having a significant effect on agricultural markets as biofuels begin to play a more substantial role in meeting the world's energy needs. Biofuels are alternatively seen as a means to reduce carbon
more » ... ns to reduce carbon emissions, increase energy independence, support rural development and to raise farm income. However, concern has arisen that the new demand for traditional commodities or alternative commodities which compete for land can lead to higher food prices and the environmental effects from expanding crop acreage may result in uncertain changes in carbon emissions as land is converted both in the US and abroad. Thompson, Wyatt. "
doi:10.2172/993643 fatcat:zw2bquekljhqbophvtgdlizofq