The emergence of biofuel as a renewable energy source offers opportunities for significant climate change mitigation and greater energy independence to many countries. At the same time, biofuel represents the possibility of substitution between energy and food. For developing countries like...

The authors demonstrate how coordinated trade and environmental policy can achieve efficiency and pollution mitigation gains superior to those obtained without such coordination. They show how trade and environment linkages give rise to complex second-best policy issues and derive optimal...

Farm support in higher income countries is a testament to the fundamental social and economic importance of agriculture, yet domestic efforts to support this sector can arouse multilateral discord in a world of global food markets. In this paper, we argue that the advent of biofuels offers a new...