Abstract
Development of liquid biofuel market: Impact assessment of the new support system in Ukraine
Highlights
The Food and Agriculture Organization of the United Nations (FAO) calls biofuels “the largest source of new demand for agricultural production in the past decade” and claims that they represent a new “market fundamental affecting prices for all cereals” (ALIMENTERRE, 2017).Ukraine is among the largest grain and oilseed producers in the world and has abundant natural resources for further increase of its crop production
We will present the results of the modelling of the liquid biofuel market in Ukraine using the AGMEMOD model under the scenarios “Direct support_10%”, “Direct support”, “Returning excise duty”, “Cancelling excise duty” compared to the Baseline scenario
For the analysis of the results of simulation of support scenarios and tax preferences, consideration should first be given to changing the price of bioethanol, alternative motor fuel, and biodiesel when introducing each type of support and tax preferences to the biofuels producers concerned
Summary
Ukraine is among the largest grain and oilseed producers in the world and has abundant natural resources for further increase of its crop production. Grains and oilseeds occupy more than half of the usable agricultural area (UAA) (55%). Ukraine has around 42.7 million hectares (ha) of agricultural land. Sunflower seeds, rapeseed, and maize are the main crops, production of which is largely exportoriented (SSSU, 2017a). Throughout 2011-2017, for example, Ukraine was always the world’s ten largest wheat, sunflower seeds, and maize exporters. Ukraine has considerable potential for biomass production, including liquid biofuels. Today they are the only direct substitute for oil in transport,available on a significant scale
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