Ethanol at the crossroads
Date of this Version
From the high point of cooperation between the US and Brazil in 2007, Brazil is now emerging as the ethanol leader at odds and in direct competition with the US domestic ethanol industry. It is this battle for ethanol supremacy which assists in an understanding of the political climate, international regulation and resulting domestic legislation since the partnership between the US and Brazil in 2007. Currently, no government or international organisation has created a coherent set of policies and laws to encourage increased worldwide use and regulation of ethanol. This paper will argue that a structured, systematic and uniform ethanol market mechanism administered by the WTO is required to stimulate and regulate the international trade in ethanol. Ethanol is the first biofuel with the potential to create an effective alternative energy trade which offers developed and developing nations an alternative to an oil-based economy and a platform to boost economic development and exports.
This document has been peer reviewed.