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New Energy Economics Study Findings Have Been Reported by Investigators at World Bank (The effect of biodiesel policies on world biodiesel and...

September 5, 2014



New Energy Economics Study Findings Have Been Reported by Investigators at World Bank (The effect of biodiesel policies on world biodiesel and oilseed prices)

By a News Reporter-Staff News Editor at Energy Weekly News -- Current study results on Energy Economics have been published. According to news reporting originating in Washington, District of Columbia, by VerticalNews journalists, research stated, "A theoretical and empirical model is developed to analyze the effect of a biodiesel mandate, a tax exemption (tax credit) and an exogenous diesel price shock on world soybean and canola markets. The jointness in crushing oil and meal from the oilseed reduces the size of the link between biodiesel and oilseed prices."

The news reporters obtained a quote from the research from World Bank, "A diesel price shock with a mandate results in a smaller change in oilseed prices compared with a tax exemption. Higher diesel prices increase biodiesel prices under a tax exemption but lower them with a blend mandate."

According to the news reporters, the research concluded: "When both canola and soybeans are used to produce biodiesel, an increase in the diesel price leads to higher canola prices, but the effect on soybean prices is ambiguous and depends on relative elasticities of meal demand and canola supply because canola produces more oil than soybeans."

For more information on this research see: The effect of biodiesel policies on world biodiesel and oilseed prices. Energy Economics, 2014;44():80-88. Energy Economics can be contacted at: Elsevier Science Bv, PO Box 211, 1000 Ae Amsterdam, Netherlands. (Elsevier - www.elsevier.com; Energy Economics - www.elsevier.com/wps/product/cws_home/30413)

Our news correspondents report that additional information may be obtained by contacting D. Drabik, World Bank, Dev Res Grp, Washington, DC 20433, United States. Additional authors for this research include H. de Gorter and G.R. Timilsina.

Keywords for this news article include: Washington, United States, Energy Economics, District of Columbia, North and Central America

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2014, NewsRx LLC


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Source: Energy Weekly News


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