The Economics of Biofuels: A New Industrial Revolutuion?
Stanley McMillen, Ph.
D.
Managing Economist
Connecticut Department of Economic and Community Development
January 11, 2007
I want to talk to you today about the economics of biofuels.
I will include...
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The Economics of Biofuels: A New Industrial Revolutuion?
Stanley McMillen, Ph.
D.
Managing Economist
Connecticut Department of Economic and Community Development
January 11, 2007
I want to talk to you today about the economics of biofuels.
I will include many
facts and figures.
And my topic will digress into economic history, the theory of
economic growth and go beyond biofuels.
This is because biofuels are one approach to
decarbonizing our thirst for energy.
If we did not care about the increasing concentration
of carbon dioxide in the atmosphere, we would not be here today I suspect.
For there is
likely enough coal and oil tied up in shale and sands, to satisfy the rapidly growing world
demand for energy for several hundred years.
But adding carbon to the atmosphere is
thought to be a serious problem by many scientists in that unexpected and dangerous
climate change and rising sea levels result from atmospheric warming.
It is impediment
to economic growth as I shall argue lat
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