n AfricaGrowth Agenda - Bioenergy : a new investment opportunity?

Volume 2008, Issue 7
  • ISSN : 1811-5187


Many factors account for the increased focus on bioenergy law and policy. These include the recent political prominence of the long-term effects of climate change and related impacts on global energy consumption and the world economy. In addition, rising oil and gas prices and the desire for energy security have driven countries to start actively looking for alternatives. Another factor is the farm sector crisis especially in developed countries, characterised by large surpluses of agricultural produce and declining global market opportunities. Hence, biofuels have been mentioned as having the potential to rescue the WTO's failed Doha Round of trade negotiations.

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