Biofuels – At what cost? Government support for ethanol and biodiesel in the European Union

8am, April 27th, 2017

This study finds that the cost of obtaining a unit of CO2-equivalent reduction through biofuel subsidies is high. Even under the best-case scenario assumptions for greenhouse gas emissions reductions from biofuels, governments could achieve far more reductions for the same amount of public funds by simply purchasing the reductions in the marketplace.