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Food for Thought: EU Climate Change Policy Presents New Challenges for Agriculture
In an effort to curb mankind’s impact on the global climate, the EU has proposed a reduction in Greenhouse Gas (GHG) emissions of 20 per cent by 2020 relative to the 1990 levels. The required reduction in GHG emissions in the non‐Emissions Trading Sector, which includes agriculture, varies by Member States (MS) with...
The recent increase in ethanol use in the US strengthens and changes the nature of links between agricultural and energy markets. Here, we explore the interaction of market volatility and the scope for policy to affect this interaction, with a focus on how corn yields and petroleum prices affect ethanol prices. Mandates associated with new US energy legislation may intervene in these links in the...
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