It is significant to consider that ethanol is directed by market mechanisms such as the price of oil versus the price of corn as this clearly indicates a sustainable and long term appetite for ethanol in the USA.
However, to reach this level where market mechanisms rather than mandates drive the ethanol sector, policy makers in the USA have laid the right groundwork to move the industry forward. This article points out the importance that mandates had several years ago in driving forward an ethanol sector that is spurred by market supply and demand.
The question I would like to ask is to what extent other countries internationally are setting the right mandates to drive ethanol market growth?
Which countries are hitting the mark and who are the culprits laggingbehind in the race for renewable fuels?
The bulk of mandates continue to come from the EU-27, where the Renewable Energy Directive (RED) specifies a 10 percent renewables content by 2020 but is under significant challenge over food vs fuel and indirect land use change concerns.
13 countries in the Americas have mandates or targets in place, 12 in Asia-Pac, and 8 in Africa.
Besides the EU, the major blending mandates that will drive global demand are those set in the US, China and Brazil – each of which has set targets – or, in the case of Brazil, is already there – at levels in the 15-20 percent range by 2020-2022. India’s fast-growing economy also has a 20 percent ethanol mandate in place for 2017, but the country has a shaky record of implementing mandates, so far.
Barack Obama is in the market for creative ways of combating climate change, and Eyal Aronoff thinks he has one – involving the US's beloved motor car
Marsha Irving's insight:
Although flex fuel cars would create a higher demand market for biofuels and would drive competition for vehicle fuel use, I question whether this would truly reduce oil prices in the USA?
Yes, creating a competitive market environment should in effect lower all fuel prices. The problem is that the technology to develop biofuels is at a much higher cost to the existing oil infrastructure costs and therefore biofuels must be sold at a premium to reach a sustainable rate of return.
Perhaps I am missing something but giving vehicle owners the decision to use different fuels is irrelevant. The fuel buyer will always opt for the cheaper option. If the price of conventional fuels is still cheaper to that of biofuels then the market still isn't there.
Creating end user market demand for biofuels is only one step in the solution to switching to cleaner fuels. I think that an equally important component in creating a competitive and sustainable biofuels market is by driving cost parity with other preexisting fuels for producers.
/PRNewswire/ -- Frost & Sullivan estimates that the venture capital (VC) funding market for renewable energy (RE) will triple by 2020 due to positive regulatory policies, environmental support for lower carbon footprint, and innovation in RE technologies.
New analysis from Frost & Sullivan (http://www.financialservices.frost.com), Venture Capital Funding in Renewable Energy in Europe, finds that Europe and North America have been the hub of much deal activity, while bidders are also looking at South Asia and Asia-Pacific as emerging regions of RE development. The research covers VC investment opportunities in solar, wind, biofuels, geothermal and marine/hydro energy segments.
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