How does biofuel affect the economy?

Potential economic disbenefits and impacts of biofuel production. Diverting these crops to biofuels may lead to more land area devoted to agriculture, increased use of polluting inputs, and higher food prices. Cellulosic feedstocks can also compete for resources (land, water, fertilizer, etc.)Click to see full answer. Moreover, how does biofuels affect the environment?One of the…

Potential economic disbenefits and impacts of biofuel production. Diverting these crops to biofuels may lead to more land area devoted to agriculture, increased use of polluting inputs, and higher food prices. Cellulosic feedstocks can also compete for resources (land, water, fertilizer, etc.)Click to see full answer. Moreover, how does biofuels affect the environment?One of the major reasons for producing biofuels is to reduce greenhouse gas emissions and to mitigate the effects of global warming produced by fossil fuels. The common conception is that growing crops for biofuels will offset the greenhouse gas emissions because they directly remove carbon dioxide from the air. what are the advantages and disadvantages of biofuels? Advantages and disadvantages of biofuel Advantages Disadvantages Less carbon emissions. When burned, they release as much carbon as they absorbed during growth, although some carbon dioxide will be released during production, eg by the tractor. Needs a lot of labour. Accordingly, how do biofuels affect society? The effects can be so great that they negate the benefits of biofuels, and lead to a net increase in greenhouse gas emissions when replacing fossil fuels. When crops for biofuel production require irrigation, it exerts pressure on local water resources. Biofuel production can affect biodiversity.How does biofuel affect food production?If biofuels are produced from feedstocks that would have been used for food, then biofuels directly reduce potential food supplies. This reduction occurs even if feedstock price increases result in an expansion of supply because the expanded feedstock supply will typically reduce the supply of other food crops.

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