SOCIETAL ECONOMICS OF THE EUROPEAN UNION LIQUID FUEL CONSUMPTION FOR ROAD TRANSPORTATION

In order for the EU to achieve its goal of 10% biofuel for all EU motor vehicles by 2020, a substantial amount of biofuel as well as a biofuel feedstock would need to be imported largely from developing countries where the climate is warm and labor is inexpensive. But there may never be sufficient supply to fulfill the evergrowing demand for biofuel for road transportation in the EU, even as motor vehicles are increasingly becoming more fuel-efficient. The constraint to realizing an effective and equitable reduction in greenhousegas emission is the overbearing political economics of neoliberalism. A different remedial strategy is needed to address the dual  problems of the excessive uses of motor fuels and greenhouse-gas emission.

Economic Horizons, 2016, Vol. 18, No 2, pp. 117-133; Published online 26 August 2016; doi: 10.5937/ekonhor1602121W

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