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Clean Technologies and Environmental Policy

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30-10-2021 | Perspective

The impact of market factors on the development of eco-friendly energy technologies: the case of bioethanol

Authors: Humberto Merritt, Alejandro Barragán-Ocaña

Published in: Clean Technologies and Environmental Policy | Issue 2/2023

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Abstract

Global warming is emerging as the most serious concern for the planet, with greenhouse gas emissions (GHG) contributing considerably to the problem. Consequently, warranting energy sustainability has turned into an urgent issue for scholars and policy-makers alike. Bioethanol has emerged as a viable eco-friendly replacement for avoiding GHG generating fossil fuels. However, bioethanol has faced several hurdles that have discouraged its development during these years. Apart from unpractical technological applications and failed ventures, bioethanol has been experiencing heavy competition from hydrocarbon fuels and adverse economic cycles. Currently, bioethanol is facing an uncertain scenario due to the combination of climbing crop prices and slow innovative production processes, including the cost-effective utilization of agriculture waste. Here, the impact of market conditions upon the competitive development of bioethanol is analyzed. It is argued that fluctuating fossil fuel prices over the last ten years has discouraged bioethanol’s technological viability. As a result, the consolidation of industrial biotechnology, especially for biorefineries, has slowed down. Policy implications of recurrent fluctuations in the bioethanol market are also discussed.

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Title: The impact of market factors on the development of eco-friendly energy technologies: the case of bioethanol
Authors: Humberto Merritt
Alejandro Barragán-Ocaña
Publication date: 30-10-2021
Publisher: Springer Berlin Heidelberg
Published in: Clean Technologies and Environmental Policy / Issue 2/2023
Print ISSN: 1618-954X
Electronic ISSN: 1618-9558
DOI: https://doi.org/10.1007/s10098-021-02225-6

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