| Abstract: | The future outlook of biofuels is beset by uncertainty. Key factors for the adoption of biofuels as alternative technologies are policy decisions by governments in terms of regulations, such as government procurement schemes and fuel specifications, along with financial and economic instruments, such as subsidies and preferential taxation. In this framework, the present analysis is a prospective as to the future development of a biofuel program in the European Union and the hypothetical role of developing countries as suppliers in this new market. The focus of this article is, exclusively, on liquid fuels. |
