Download or read book The Economics of Brazil s Ethanol Sugar Markets Mandates and Tax Exemptions written by Dusan Drabik and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sugarcane in Brazil is processed into sugar and/or ethanol, often in flex plants that can switch between the two products. We develop an economic model of flex plants, export demands, and two domestic fuel demand curves for a blend of ethanol with gasoline consumed by conventional cars, and ethanol consumed only by flex cars. We analyze the market impacts of the following policies: the blend mandate; fixing gasoline prices below world prices; the high gasoline tax; and a higher tax exemption for ethanol blended with gasoline. Because Brazilian and U.S. ethanol prices have become linked, a change in Brazilian ethanol policy or a shock in world sugar markets can now impact U.S. ethanol and corn prices. We show that in theory, each policy analyzed has an ambiguous impact on ethanol and sugar prices. Empirically, however, a low gasoline tax and a high tax exemption for ethanol used in the fuel blend reduce ethanol and sugar prices; this contradicts conventional wisdom. Overall, we find that policy reforms implemented in 2010 offset the ethanol price increase by about 27% due to outward shifts in fuel transportation and sugar export demand curves, and due to a reduced sugarcane supply caused by bad weather. Our model illustrates the importance of Brazil's ethanol policies on world commodity markets; it also provides insight into how the Brazilian government can adjust policies to better control domestic inflation while minimizing impacts on investment.
Download or read book Economic Model of Brazil s Ethanol Sugar Markets and Impacts of Fuel Policies written by and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Economic Model of Brazil s Ethanol Sugar Markets and Impacts of Fuel Policies written by Harry de Gorter and published by . This book was released on 2017 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: The lack of growth in the Brazilian sugarcane-ethanol complex since the 2008 financial crisis has been blamed on policies: lower mandate, holding gasoline prices below world levels, high fuel taxes, and inadequate fuel tax exemptions for ethanol. This paper develops an empirical model of the Brazilian fuel-ethanol-sugar complex to analyze the impacts of these policies. Unlike biofuel mandates and tax exemptions elsewhere, Brazil's fuel-ethanol-sugar markets and fuel policies are unique such that each policy, in theory, has an ambiguous impact on the market price of ethanol and hence on sugarcane and sugar prices. The results indicate two policies that seemingly help the ethanol industry do otherwise in reality: low gasoline taxes and high anhydrous tax exemptions lower ethanol prices. But higher mandates, hydrous ethanol tax exemptions, and gasoline prices had the expected impact of increasing ethanol and sugar prices. Eliminating Brazilian ethanol tax exemptions and mandates reduces ethanol prices by 21 percent. Observed changes in prices are explained by outward shifts in fuel transportation and sugar export demand curves, and bad weather reducing sugarcane supply.
Download or read book An Economic Model of Brazil s Ethanol Sugar Markets and Impacts of Fuel Policies written by De Gorter Harry and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The lack of growth in the Brazilian sugarcane-ethanol complex since the 2008 financial crisis has been blamed on policies: lower mandate, holding gasoline prices below world levels, high fuel taxes, and inadequate fuel tax exemptions for ethanol. This paper develops an empirical model of the Brazilian fuel-ethanol-sugar complex to analyze the impacts of these policies. Unlike biofuel mandates and tax exemptions elsewhere, Brazil's fuel-ethanol-sugar markets and fuel policies are unique such that each policy, in theory, has an ambiguous impact on the market price of ethanol and hence on sugarcane and sugar prices. The results indicate two policies that seemingly help the ethanol industry do otherwise in reality: low gasoline taxes and high anhydrous tax exemptions lower ethanol prices. But higher mandates, hydrous ethanol tax exemptions, and gasoline prices had the expected impact of increasing ethanol and sugar prices. Eliminating Brazilian ethanol tax exemptions and mandates reduces ethanol prices by 21 percent. Observed changes in prices are explained by outward shifts in fuel transportation and sugar export demand curves, and bad weather reducing sugarcane supply.
Download or read book The Market and Environmental Effects of Alternative Biofuel Policies written by Dusan Drabik and published by . This book was released on 2013 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation analyzes market and environmental effects of alternative U.S. and Brazilian biofuel policies. Although we focus on corn- and sugarcane-ethanol, the advanced analytical framework can easily be extended to other biofuels and biofuel feedstocks, such as biodiesel and soybean. The dissertation consists of three chapters. The first chapter develops an analytical framework to assess the market effects of a set of biofuel policies (including subsidies to feedstocks). U.S. corn-ethanol policies are used as an example to study the effects of biofuel policies on corn prices. We determine the 'no policy' ethanol price, analyze the implications for the 'no policy' corn price and resulting 'water' in the ethanol price premium due to the policy, and generalize the surprising interaction effects between mandates and tax credits to include ethanol and corn production subsidies. The effect of an ethanol price premium depends on the value of the ethanol co-product, the value of production subsidies, and how the world ethanol price is determined. U.S. corn-ethanol policies are shown to be a major reason for recent rises in corn prices. The ethanol policy-induced increase in corn prices is estimated to be 33 - 46.5 percent in the period 2008 - 2011. The second chapter seeks to answer the question of what caused the significant increase in ethanol, sugar, and sugarcane prices in Brazil in the period 2010/11 to 2011/12. We develop a general economic model of the Brazilian fuel-ethanol-sugar complex. Unlike biofuel mandates and tax exemptions elsewhere, Brazil's fuel-ethanol-sugar markets and fuel policies are unique in that each policy, in this setting, theoretically has an ambiguous impact on the market price of ethanol and hence on sugarcane and sugar prices. Our empirical analysis shows that there are two policies that seemingly help the ethanol industry but do otherwise in reality: a low gasoline tax and a high anhydrous tax exemption result in lower ethanol prices. On the other hand, as expected, higher mandates, gasoline prices, and tax exemptions for hydrous ethanol lead to higher ethanol and sugar prices. Eliminating Brazilian ethanol tax exemptions and mandates reduces ethanol prices by 21 percent in 2010-11, which is very similar to the estimated effects of U.S. ethanol policies in the same time period. However, the marginal changes in Brazilian policies on ethanol prices between 2010-11 and 2011-12 are small both individually and collectively. The observed market changes can only be explained by outward shifts in fuel transportation and sugar export demand curves, and reduced sugarcane supply due to bad weather. In the third chapter, we investigate whether U.S. corn ethanol saves greenhouse gas emissions relative to the gasoline it is assumed to replace one-to-one (on an energy equivalent basis). This chapter shows that ethanol policies generate far greater carbon leakage in the fuel market than in the agricultural market, where leakage occurs in the form of land use change. Carbon leakage in the fuel market due to a tax credit is always greater than that of a mandate, while the combination of a mandate and subsidy generates greater leakage than a mandate alone. We show that corn-ethanol does not meet the U.S. EPA's sustainability threshold, regardless of the biofuel policy and whether one includes emissions from land use change. This result makes the controversy over how to measure land use change inconsequential.
Download or read book The Economics of Biofuel Policies written by Harry de Gorter and published by Springer. This book was released on 2015-04-09 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Socioeconomic and Environmental Impacts of Biofuels written by Alexandros Gasparatos and published by . This book was released on 2012 with total page 375 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Biofuels are currently in the middle of a heated academic and public policy debate. Biofuel production has increased fivefold in the past decade and is expected to further double by 2020. Most of this expansion will happen in developing nations. This volume is the first of its kind, providing a comprehensive overview of the biofuel debate in developing countries. The chapters are written by a multidisciplinary team of experts, exposing the key drivers and impacts of biofuel production and use. The book covers impacts as diverse as air pollution, biodiversity loss, deforestation, energy security, food security, greenhouse gas emissions, land use change, rural development, water consumption and other socioeconomic issues. Its wide focus accommodates examples from countries in Africa, America and Asia. As such, this book will become an indispensable companion to academics, practitioners and policy makers who wish to know more about biofuel issues in the developing world"--Provided by publisher.
Download or read book The Economics of Alternative Energy Sources and Globalization written by Andrew Schmitz and published by Bentham Science Publishers. This book was released on 2011 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Considerable effort and money are devoted to developing alternative energy sources, such as wind power, solar power, cellulosic ethanol, and biofuels. This ebook is a collection of research papers on alternative energy sources presented at the Economics o"
Download or read book The Intended and Unintended Effects of U S Agricultural and Biotechnology Policies written by Joshua S. Graff Zivin and published by University of Chicago Press. This book was released on 2012-03-15 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Biopackaging written by Martin Alberto Masuelli and published by CRC Press. This book was released on 2017-11-07 with total page 419 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the whole range of modern packaging options. It covers edible packaging based on carbohydrates, proteins, antioxidative and antimicrobial packaging, and the chemistry of food and food packaging, such as plasticization and polymer morphology. Issues related to shelf life and biodegradability are also discussed, in addition to newly discovered processing and preservation techniques, most notably modified atmosphere packaging (MAP) and active packaging (AP).
Download or read book Brazil s Ethanol Industry Looking Forward written by and published by DIANE Publishing. This book was released on with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Production of Ethanol from Sugarcane in Brazil written by Márcia Azanha Ferraz Dias de Moraes and published by Springer Science & Business Media. This book was released on 2014-03-31 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: The success of Brazil in the large-scale production and use of fuel ethanol has been widely discussed and analyzed by other countries interested in adopting policies designed to encourage the use of biofuels. Within this context, certain questions arise: Could the Brazilian experience be replicated in other countries? What were the conditions that enabled the creation of the Brazilian Proálcool (National Ethanol Program and what lessons can be learned? To examine these issues, it is important to understand the functioning of the key, interconnected markets (those for sugarcane, sugar and ethanol), which, from their inception, were the objects of extensive government intervention until 1999. Two main conditions enabled the creation of Proálcool: robust production of sugarcane and sugar (tightly regulated by the government, which applied the numerous regulations then in place); and the military regime that was in place at the time, whose decision-making and enforcement powers were quite broad, facilitating the carrying out of the necessary actions, as well as making it easier to coordinate the activities of the various stakeholders and sectors involved. This book increases understanding of the functioning of the sugarcane supply chain in Brazil, not only during the phase of government intervention but also in recent years (in the free-market environment). The lessons, positive and negative, gleaned from the Brazilian experience can contribute to reflection on and the development of alternative modalities of biofuel production in other countries, making the book of interest to scholars and policy-makers concerned with biofuel and renewable resources as well as economic development.
Download or read book The Economics of Energy written by Les Livingstone and published by Lulu.com. This book was released on 2009-03-04 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy powers our entire economy and is an essential resource in every industry and every home. What are our best choices from coal, oil, gas, nuclear, hydro, wind, ethanol, biomass, solar, and others? And can we depend on imports, or should we strive for energy independence?
Download or read book Biofuels in Africa written by Donald Mitchell and published by World Bank Publications. This book was released on 2010-11-24 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: A new economic opportunity for sub-Saharan Africa is looming large: biofuel production. Rapidly rising energy prices are expected to remain high for an extended period of time because of the increasing demand in prospering and populous countries such as China and India, the depletion of easily accessible supplies of crude oil, and concern over global climate change. As a result, there is renewed interest in biofuels as an alternative to fossil fuels. Africa is uniquely positioned to produce these new cash crops for both domestic use and export. The region has abundant land resources and preferential access to protected markets with higher-than-world-market prices. The rapid growth in the demand for transport fuels in Africa and high fuel prices create domestic markets for biofuels. The European Union and the United States have approved legislation that requires large increases in the consumption of biofuels over at least the next decade. Imports are expected to be needed to meet these mandates, thus opening the door to African and other developing countries that can produce biofuels or feedstocks for biofuels competitively. Expanding the production of crops for biofuels will affect the entire rural sector in Africa as resources are shifted away from traditional crops and the prices of all agricultural commodities rise. Even smallholders can participate in producing biofuel crops. To promote the sustainability and significant contribution of this enterprise, Biofuels in Africa provides guidance in formulating suitable policy regimes, which are based on protecting the rights of current land users, developing revenue-sharing schemes with local communities, safeguarding the environment and biodiversity, expanding institutional capacity, formulating new regulations and procedures, and emulating best practices from experienced countries. This volume will be of value to anyone interested in biofuels, including policy makers, development practitioners, private investors, researchers, and the general public. Now that African countries are trying to significantly increase their energy supply systems, biofuels are an attractive option using both dedicated crops and agricultural waste. This book provides guidance for them to develop a suitable policy regime for a significant contribution by biofuels. Professor Ogunlade R. Davidson, Minister of Energy and Water Resources, Sierra Leone Biofuels in Africa is a sorely needed resource for our understanding of the problems of expanding biofuels production in Africa. A high point of the book is a description of the projects that were started in several countries. A very useful book! Professor Jos Goldemberg, University of S o Paulo, Brazil As Africa most likely will play the same role for global biofuels as the Middle East does for oil, this comprehensive book on African biofuels should be compulsory reading for anyone interested in either African development or biofuels. The book captures the essence of long-term drivers and opportunities as well the complex challenges for investors and society of this huge emerging industry. Per Carstedt, Executive Chairman, EcoEnergy Africa
Download or read book Sustainable Polymers from Biomass written by Chuanbing Tang and published by John Wiley & Sons. This book was released on 2017-02-21 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offering a unique perspective summarizing research on this timely important topic around the globe, this book provides comprehensive coverage of how molecular biomass can be transformed into sustainable polymers. It critically discusses and compares a few classes of biomass - oxygen-rich, hydrocarbon-rich, hydrocarbon and non-hydrocarbon (including carbon dioxide) as well as natural polymers - and equally includes products that are already commercialized. A must-have for both newcomers to the field as well as established researchers in both academia and industry.
Download or read book Sugarcane Bioethanol written by Luís Augusto Barbosa Cortez and published by . This book was released on 2010 with total page 994 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Brazil, sugarcane ethanol supplied, in 2009, 17.6 % of the energy for land transportation (excluding railroads)and about 55% of the total energy supplied by liquid fuel for Otto cycle engines. Besides the lower production costs ethanol produced from sugarcane in Brazil has another important advantage: in Central-South Brazil only 1 unit of fossil energy is used for each 8-9 units of energy produced by ethanol from sugarcane. Carbon emissions reduction also benefits from sugarcane ethanol: for each cubic meter of ethanol used as fuel, there is net saving of around 2 t CO2 not emitted to the atmosphere while, at the same time, no SO2 is emitted. Sugarcane was introduced in Brazil in 1532. The "Brazilian model" of producing concomitantly sugar and ethanol, brought important technical benefits and made possible an outstanding increase in the competitiveness in the international market for sugar and ethanol. Today about 50% of the sucrose of sugarcane produced in the country is directed to the production of sugar while another half is used to produce Ethanol. Industrial and academic R&D has helped to increase the productivity of ethanol steadily over the past 35 years, at a rate of 3.2% per year. Productivity gains implied savings of planted area by a factor of 2.6. In 2009/2010 the area planted with sugarcane for Ethanol production was 4.2 Mha, amounting to 1% of the total arable land available in Brazil. About 60% of the Ethanol produced in Brazil comes from the State of Sao Paulo, where the productivity is the highest (around 86 t/ha.year). Most of the recent expansion is happening in the center-west region of the country, in degraded pasture lands. The FAPESP Program for Research on Bioenergy, BIOEN, aims at articulating public and private R&D, using academic and industrial laboratories to advance and apply knowledge in fields related to ethanol production in Brazil. The BIOEN Program has a solid core for supporting academic exploratory research activities that will generate new knowledge and form scientists and professionals essential for advancing industry capacity in ethanol related technologies. On top of this, BIOEN includes partnerships with industry for cooperative R&D activities between industrial and academic laboratories, which are to be co-funded by FAPESP and industry.Federal agencies, such as CNPq, will also co-fund the research.
Download or read book The Economic Impact of Public Support to Agriculture written by Virgil Ball and published by Springer Science & Business Media. This book was released on 2010-07-27 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite a gradual and sustained decline in the contribution of agriculture to the economies of the member countries of the Organization for Economic Cooperation and Development (OECD), the sector remains socially and politically important. Although agriculture accounts for less than 2% of the gross domestic product of the OECD countries, it occupies over 35% of their total land area. Predominantly rural regions, where agriculture remains particularly important, contain almost one quarter of the population of OECD countries. The past quarter century has witnessed signi?cant changes in agricultural po- cies in OECD countries. Although total support remains high, a shift has taken place from price-linked measures to direct income support, most notably in the European Union. Policies have been adapted to meet pressing social concerns, such as ens- ing food security and improving environmental quality. OECD countries face major economic issues due to the ageing of their populations and the need to adapt to gl- alization and increasing competition from emerging economies. Continued pressure to reform agricultural policies will be exerted by the need to economize on the use of scarce public resources. At the same time, agriculture faces new challenges g- erated by climate change, the “greening” of the economy, increasing scarcity of energy and water, and the demands placed on the food system by an expanding world population.
