Survival of the Fittest: An Economic Perspective on the Production of Novel Biofuels

摘要

That the world is in need of renewable sources of energy has become a modern-day platitude. In the case of transportation fuels, drop-in biofuels have attracted increasing attention, while so-called "first generation biofuels" have continued to gain market access (here, first generation biofuels refer to ethanol and biodiesel from feedstocks that could be otherwise used for human consumption, while drop-in biofuels refer to those that can be blended with current fuels in any proportion and without modifying the existing infrastructure).