IISD releases new study warning against biofuel policy reform

In Switzerland, the International Institute for Sustainable Development’s Global Subsidies Initiative has prepared a policy brief, Cultivating Governance: Cautionary tales for biofuel policy reformers, which investigates the challenges of designing and implementing good biofuel policies. The policy brief pays particular attention to how policies can be effected by pressure from various interest groups. The paper stresses that biofuel subsidies often aren’t the best policy to achieve the objectives of green innovative development and climate change mitigation. It recommends governments give priority to placing a price on carbon as a more effective option.