Publication

This paper extends the DART (Dynamic Applied Regional Trade) model to biofuels in order to assess the role that bioenergy can play in an effective and efficient climate policy. The DART economic model was developed in the late 1990s for the analysis of international climate policies. The authors argue that the growing bioenergy industry cannot be evaluated independently from the rest of the economy since national and international feedback effects play an important role. As a first example, they analyze the effects of a 10 percent biofuel target in the EU.