Biofuels 2010: spotting the next wave - executive summary
One response to the threat of climate change would be to regulate the use of carbon fossil fuels with an externality tax or some other policy measure. Taxing fossil fuels would drive up the price of petroleum products, making alternative fuels more economically attractive. Yet, can alternative fuels compete without policy initiatives? This report is an inquiry into the role of biofuels as a legitimate substitute to displace the primacy of petroleum transportation fuels.