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An Analysis of the Market for Biofuels in Brazil and the United States (US)

Renewable energy sources have been thrust to the forefront of the policy agenda as they represent energy sources with the immense potential not only to reduce our dependence on fossil fuels, but to also contribute to the reduction of green house gas (GHS) and carbon dioxide (CO2) emissions. This paper aims to provide an analysis of biofuels policy in Brazil and the United States (US) with specific attention being given to bioethanol. To begin with, the paper will provide an overview of biofuels globally. The discussion will then shift to an examination of the Brazil and United States (US) biofuels markets. This will then be followed by a brief comparative analysis of the industry in both countries.