Current Perspectives and Challenges of Biofuel Production and Consumption

Abstract

This is the first article in a series meant to identify secondary effects of fuel production and consumption.The article presents, in synthesis, the main ideas and contributions of the paper ôEconomic effects of biofuels production and consumption in Romaniaö, written by the authors in 2009 within the research programme of the Institute of National Economy: Economic-social mechanisms and policies of increasing environmental factors in accordance with the European and world programs for diminishing the effects of the world resources crisis. The paper pursues the adjustment process of fossil fuel consumption to the rigors of an economy aiming to diminish carbon-composites emissions in atmosphere. At the same time, it is a warning regarding the secondary effects that might occur from the overblown consumption and production of first-generation biofuel.

Keywords

• biofuel
• production potential
• EU strategy for biofuels
• subventions
• secondary effects