Capturing the Full and Unrealized Value of Biofuels — Market Mechanisms are Needed
During the past decade, production of biofuels has gained momentum largely due to policies and mandates aimed at addressing energy security and climate change. A number of concerns, however, remain the subject of an on-going debate. These include: (1) the effectiveness of first generation biofuels (such as corn ethanol) in addressing climate change, (2) the…