Kevin Lynch Economics of Food Markets Tuesday, 16 th January 2008 Trinity College, Dublin. What are the main criticisms economists make of EU biofuels policy?. Motivations for Policies. 1. Climate Change 2. Energy Security: unstable or unfavourable regimes, rising prices, peak oil
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Economics of Food Markets
Tuesday, 16th January 2008
Trinity College, DublinWhat are the main criticisms economists make of EU biofuels policy?
1. Climate Change
2. Energy Security: unstable or unfavourable regimes, rising prices, peak oil
3. Rural development
Demand side measures
A Carbon Tax?
Command and control if inefficient and proposes a solution rather than identifies a problem
Complex interactions with food and energy markets
Technically complex – factor markets
Opportunity cost with food
Simulations show a strong link between trade and development of bio-fuels
Favouring home grown solutions – a new CAP?
Infant Industry argument