[...]... that examine the implications of expanded production of first-generation biofuels for the allocation of land between food and fuel, M Khanna (B) Department of Agricultural and Consumer Economics, University of Illinois, Urbana-Champaign, IL, USA e-mail: khanna1@illinois.edu M Khanna et al (eds.), Handbook of Bioenergy Economics and Policy, Natural Resource Management and Policy 33, DOI 10.1007/978-1-4419-0369-3_1,... applications of 1 Bioenergy Economics and Policy 5 economic tools to analyze the economic and environmental implications of bioenergy development and policies This handbook provides an integrated and comprehensive perspective on economics and policies related to biofuels It covers a breadth of issues related to economic and policy analysis at local, regional, and global levels including crop and feedstock... displacement of gasoline and reduction in GHG emissions and VMT depends on the elasticity of supply of gasoline and the elasticity of substitution between gasoline and ethanol They compare the welfare and environmental effects of a mandate with those of a carbon tax and find that the former imposes high welfare costs and results in higher miles and GHG emissions than a carbon tax policy The magnitude of these... introductory part of this handbook provides a context for the emerging economic and policy challenges related to bioenergy and the motivations for biofuels as an energy source It includes chapters that explain the current state of knowledge about second-generation feedstocks for advanced biofuels and the technology for the deconstruction and conversion of lignocellulosic biomass to fuel Part II of the handbook. .. the future of biofuels in the EU 1.6 In Sum This handbook covers a wide range of issues that have emerged with the advent of biofuels and presents a diverse set of economic models and approaches to analyze their implications for food and fuel prices, consumers, producers, and the environment It shows that food-based biofuels have led to a competition for land and integration between energy and agricultural... successful commercialization of secondgeneration biofuels which have an improved energy-carbon footprint and do not directly compete with food crops 1.2 Integration Between Energy and Agricultural Markets Part II of the handbook examines the interactions between biofuels and agricultural markets and the trade-offs that biofuels pose for food production As a result of biofuel production and the resulting integration... developed and developing countries working on the socioeconomic impacts of the emerging bioeconomy as well as its implications for land use, carbon emissions, natural resources, energy, and food prices This handbook will also help practitioners and managers in industry and agriculture to deepen their understanding about theoretical and practical issues associated with implementation and use of bioenergy and. .. the magnitude of the indirect land use changes likely to occur with the expansion of corn ethanol production in the United States and ethanol consumption in the world While a number of studies have examined the influence of biofuels and biofuel policy on the prices of agricultural commodities, the impact of greater biofuel production on commodity price volatility is less understood Meyer and Thompson... production and the trade-offs that biofuels pose among these effects McCarl, Maung, and Szulczyk discuss the potential for biomass- and food-based fuels to reduce GHG emissions by providing biopower, biofuels, and soil carbon sequestration Their chapter describes the range of options and technologies for bioenergy and uses the FASOMGHG model to simulate the future production levels of various types of bioenergy. .. standard of accessibility for a wider audience by de-emphasizing technical content and expert jargon and emphasizing conceptual, applied, and policy issues that are of great interest for society As a result, this handbook can be used as a textbook for courses and curricula associated with the emerging field of bioenergy economics As universities develop more specialized curriculum centered around bioenergy, . imple- mentation and use of bioenergy and economic and policy dimensions of a growing bioeconomy. Interest in the topics presented in this handbook is strong among policy. Sumner Contents ix 20 The Welfare Economics of Biofuel Tax Credits and Mandates 347 Harry de Gorter and David R. Just 21 Biofuels, Policy Options, and Their Implications: