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Open AccessArticle

Impacts of International Commodity Trade on Conventional Biofuels Production

Department of Agricultural Economics and Rural Development, Institute for the Development of Enterprises, Corvinus University of Budapest, Fővám square 8., H-1093 Budapest, Hungary
Sustainability 2020, 12(7), 2626; https://doi.org/10.3390/su12072626 (registering DOI)
Received: 20 February 2020 / Revised: 15 March 2020 / Accepted: 23 March 2020 / Published: 26 March 2020
(This article belongs to the Special Issue Economic Evaluation of Renewable Energy Sources)
The study gives an overview of raw materials and biofuel generation, markets, production, and regulation. The major aim of this study was to reveal the impacts of biofuel production on international commodity trade. According to the results of the country-level regressions, the export of corn and sugar cane have generally negatively impacted ethanol production. This effect was positive at the global level which indicates that some of the imported raw materials are used for ethanol production. Although the explanatory power of the models was relatively high (from 0.35 (EU) to 0.94 (USA)), none of models proved to be significant, even at the 10% level. These values were higher for the biodiesel models (from 0.53 (USA) to 0.97 (Brazil)) and the EU model results were significant at the 5% level. The export of raw materials had a positive impact on biodiesel production. This implies that some part of the biodiesel was produced from the imported raw materials. The export of processed products (different oils) had a negative impact on biodiesel production, as they are normally used for other purposes. View Full-Text
Keywords: biofuels market; blending rates; GHG emission savings; international trade biofuels market; blending rates; GHG emission savings; international trade
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Mizik, T. Impacts of International Commodity Trade on Conventional Biofuels Production. Sustainability 2020, 12, 2626.

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