The multilateral trade and investment context for biofuels: issues and challenges
2008
S. Murphy
This paper examines the drivers of multilateral trade and investment in biofuels. Those drivers are:<br /> the European Union's mandated demand for biofuels which cannot be met from domestic production private investment, from banks, oil companies and agribusinesses<br />Due to differences of ideology and interests, WTO members are far from agreeing on how to structure trade rules for biofuels. Moreover, there is a pronounced risk that the European Union will unilaterally set its own standards.<br /><br />Against this background, the paper points out ways towards a fair and sustainable biofuels sector:<br /> governments should develop a comprehensive look at agriculture governments need to decide what exactly they want to achieve through biofuelsand set strategies to meet their goals a clear multilateral framework could foster policies dictated by humanrights and environmental norms governments need to decide whether they support the WTO's current open market agenda developing countries will have to maintain pressure to participate adequately in standard setting bodies<br />
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