Quantitative Analysis of Biofuel Policies and Developments
To analyse the implications of support policies for biofuel supply and demand, as well as for agricultural commodity markets and land use, the OECD medium‐term simulation model for world agricultural markets Aglink has been employed, complemented by the FAO‐developed Cosimo model to cover a large set of developing countries. Aglink‐Cosimo is a partial equilibrium model of domestic and international markets for major temperate‐zone agricultural commodities, with detailed mapping of policies affecting these markets. In preparation of this analysis, the combined model has been extended to include the markets for sugar and other sweeteners. Furthermore, a specific module representing biofuel markets in major producing and consuming regions has been developed. At the same time, the FAO has developed biofuel modules for 13 developing countries.
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Document Type: Review Article
Publication date: 2008-08-01