Firms are facing increasingly stringent environmental quality specifications for their products, including an increase of biofuel mandates, as a means of reducing emissions of CO2 and air pollutants. These environmentally related ‘new conditions’ affect oil firms’ fuel production, prompting them, in particular, to integrate biofuels into their operations and, at least in certain cases, to change their overall strategies towards biofuels. This OIES paper seeks to make an empirical contribution to the literature on path-dependency by examining how the introduction of biofuels generates a shift in an oil firm’s established technical and production patterns…
Étiqueté : alternative fuel
This IEA’s study examines the production costs of a range of transport fuels and energy carriers under varying crude oil price assumptions and technology market maturation levels. An engineering “bottom-up” approach is used to estimate the effect of the input cost of oil and of various technological assumptions on the finished price of these fuels. In total, the production costs of 20 fuels are examined for crude oil prices between USD 60 and USD 150 per barrel.
Selon un rapport de la Commission européenne, des carburants alternatifs pourraient remplacer les combustibles fossiles en Europe d’ici 2050.