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Social and Behavioral Sciences Commons

Open Access. Powered by Scholars. Published by Universities.®

2007

Oil, Gas, and Energy

Soydiesel

Articles 1 - 1 of 1

Full-Text Articles in Social and Behavioral Sciences

A Comparative Analysis Of The Development Of The United States And European Union Biodiesel Industries, Miguel Carriquiry Jul 2007

A Comparative Analysis Of The Development Of The United States And European Union Biodiesel Industries, Miguel Carriquiry

CARD Briefing Papers

Worldwide production of biodiesel is growing at a rapid pace. Arguably, the European Union (EU) is the global leader in biodiesel production, but the United States has recently expanded its production. The growth of the biodiesel industry in both regions has been fueled by a series of government-provided financial incentives. However, the timing of the growth and incentive provisions, the nature of the main incentives, and the market conditions differ across regions. This article provides a comparative analysis of the EU and U.S. biodiesel industries, highlighting market and policy aspects that are leading to a rapid but distinct growth.