Next Article in Journal
Structural Features and Healthy Properties of Polysaccharides Occurring in Mushrooms
Next Article in Special Issue
Biofuel-Food Market Interactions: A Review of Modeling Approaches and Findings
Previous Article in Journal / Special Issue
Biofuels and the Future of Food: Competition and Complementarities
Agriculture 2012, 2(4), 436-451; doi:10.3390/agriculture2040436
Article

The Policy Objectives of a Biofuel Industry in Canada: An Assessment

*  and
Department of Economics, The University of Lethbridge, Lethbridge, AB, T1K 3M4, Canada
* Author to whom correspondence should be addressed.
Received: 8 October 2012 / Revised: 5 November 2012 / Accepted: 10 December 2012 / Published: 17 December 2012
(This article belongs to the Special Issue Biofuels, Food Security, and Accompanying Environmental Concerns)
View Full-Text   |   Download PDF [223 KB, uploaded 17 December 2012]   |   Browse Figure

Abstract

Canada has a huge stock of biomass resources, which provides a basis (and a temptation) for development of a major bio-fuels industry. Both federal and provincial governments have engaged in a wide array of subsidies, mandates, and other measures to stimulate production and consumption of biofuels. As a result, biofuels has become a growth industry in Canada with production of ethanol almost 10 times higher than it was ten years earlier. However, this has come at considerable cost to taxpayers. Increased biofuel production has resulted in minimal reduction in greenhouse gases, short run (but not long run) increases in net farm income (that benefited grain and oilseed producers but hurt livestock producers), large increases in the prices of farm land due to the higher grain and oilseed prices, and minimal impacts on rural economic diversification.
Keywords: biofuel; Canada; policy; economics biofuel; Canada; policy; economics
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Share & Cite This Article

Further Mendeley | CiteULike
Export to BibTeX |
EndNote
MDPI and ACS Style

Le Roy, D.G.; Klein, K.K. The Policy Objectives of a Biofuel Industry in Canada: An Assessment. Agriculture 2012, 2, 436-451.

View more citation formats

Article Metrics

Comments

Cited By

[Return to top]
Agriculture EISSN 2077-0472 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert