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| Meyer, Ferdinand H.; Strauss, P.G.; Funke, Thomas. |
| The production of biofuels from agricultural commodities has received much attention in recent years. Apart from a few private initiatives, biofuels have not seen a large scale, commercial production in South Africa to date. This article sketches a basic picture of the economic feasibility of biofuel production in South Africa, without any form of government support, at 2006 prices. It then takes the analysis a step further and with the aid of a set of scenarios, different potential outcomes, due to a range of possible policy implementation measures, are discussed and the results documented. The Bureau for Food and Agricultural Policy’s (BFAP) sector model is used to simulate the impact of various options on the potential biofuels industry and other... |
| Tipo: Journal Article |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 2008 |
URL: http://purl.umn.edu/44027 |
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| Funke, Thomas; Klein, Peter G.. |
| The production of biofuels in many countries is largely driven by the government strategy and incentives that are in place. In South Africa the first round of the development of such a draft strategy took place in 2005 while the official stance on biofuels was finalized in December of 2007. During the policy development process various governmental departments had strategic goals and targets that they all were required to achieve. The achievement of these strategic targets and goals is also risky and the various departments that have some form of involvement in the biofuels industry need to decide on how much risk they are willing to take. This article sketches the game that the various governmental departments played as well as the risks that they were... |
| Tipo: Journal Article |
Palavras-chave: Biofuels; Game Theory; Government Strategy; Agricultural and Food Policy; Research Methods/ Statistical Methods. |
| Ano: 2010 |
URL: http://purl.umn.edu/95979 |
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| Funke, Thomas; Strauss, P.G.; Meyer, Ferdinand H.. |
| The potential impact of the current South African industrial biofuels strategy on the economic feasibility of biofuel production in South Africa is analysed and discussed. The analysis is then taken a step further by means of a scenario to analyse the potential impacts of higher global prices on the feasibility of a local biofuel industry. The BFAP sector model, a partial equilibrium model, is used to simulate the various impacts over the period 2009 to 2017. This study shows that the incentives and commitments, as presented through the strategy, are not sufficient to get a local biofuel industry up and running and make it sustainable in the long term. |
| Tipo: Journal Article |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 2009 |
URL: http://purl.umn.edu/54988 |
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| Funke, Thomas; Klein, Peter G.. |
| The production of biofuels and the establishment of a biofuels industry in South Africa have largely been hampered by the structure, procedures and requirements as set out in the Industrial Biofuel Strategy. This article sketches the industry by means of a game theoretic representation. A model is developed that represents the rational strategies of various role players in the industry with respect to investor decision making. In reality this did not occur and the article develops and documents a variable, σ, which in turn helps to represent the current state of affairs. The study explains why current investment decisions in the industry have been made and why certain role players remain indifferent towards any commitment. |
| Tipo: Journal Article |
Palavras-chave: Biofuels; Game Theory; Biofuel Industry Investments; Agricultural Finance; Research Methods/ Statistical Methods. |
| Ano: 2010 |
URL: http://purl.umn.edu/95978 |
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