CORVALLIS, Ore. – A new study by economists at Oregon State University questions the cost-effectiveness of biofuels and says they would barely reduce fossil fuel use and would likely increase greenhouse gas emissions.
The idea that biofuels can reduce dependency on fossil fuels and mitigate climate change has led governments to promote them as substitutes for gasoline and petroleum-based diesel, using mandates and subsidies, said Bill Jaeger, the lead author on the study.
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