Public policy and biofuels: energy, environment and food trilemma

Abstract

Current policies in energy sector address issues including renewable energy supplies and encourage more efficient energy use. As expected biofuels can reduce dependence on imported fossil fuels, strengthen political and economic security, revitalize the economy by increasing demand for agricultural products. At the same time biofuels production can threaten food safety by making influence on price and demand for agricultural commodities. The article examines the influence of public policy in the sphere of biofuel on energy, environment and food security. As a result of this analysis, еnergy, environment and food safety impact of public policy for biofuels production were identified.