The policy objectives of a biofuel industry in Canada: an assessment
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Date
2012
Authors
Le Roy, Danny G.
Klein, Kurt K.
Journal Title
Journal ISSN
Volume Title
Publisher
M D P I A G
Abstract
Canada has a huge stock of biomass resources, which provides a basis (and a
temptation) for development of a major bio-fuels industry. Both federal and provincial
governments have engaged in a wide array of subsidies, mandates, and other measures to
stimulate production and consumption of biofuels. As a result, biofuels has become a
growth industry in Canada with production of ethanol almost 10 times higher than it was
ten years earlier. However, this has come at considerable cost to taxpayers. Increased
biofuel production has resulted in minimal reduction in greenhouse gases, short run (but
not long run) increases in net farm income (that benefited grain and oilseed producers but
hurt livestock producers), large increases in the prices of farm land due to the higher grain
and oilseed prices, and minimal impacts on rural economic diversification.
Description
Open access
Keywords
Biofuel , Canada , Policy , Economics
Citation
Le Roy, D.G., & Klein, K.K. (2012). The policy objectives of a biofuel industry in Canada: as assessment. Agriculture, 2, 436-451. doi:10.3390/agriculture2040436