The Implications of Biofuel Policy in Turkey

Authors

  • Gulden Boluk Akdeniz University
  • A. Ali Koc akdeniz University

Abstract

Turkish Energy Regulatory Agency (EMRA) announced in September 2011 that biofuel blending will be mandatory starting from 2013 and 2014 for bioethanol (2%) and biodiesel (1%) respectively. The blending ratio will be increased to 3 percent for bioethanol in 2014 and biodiesel in 2016. This study aims to evaluate the net trade impacts of the blending regulation. In Turkey, sugar beet based ethanol production seems feasible and sustainable. Mandatory blending ratio will increase the capacity utilization of existing plants. Bioethanol blending (2%) will reduce oil imports by 255.2 million US Dollar in 2013. Contribution impact of bioethanol production will be much greater by 2016. But, since Turkey is already a net importer of oilseeds biodiesel, blending implementation will deteriorate the foreign trade balance and 2 percent blending will bring around 488.5 million US Dollar extra import increase in 2015. Therefore, net trade impact of mandatory blending is expected to be negative.  Keywords: Sustainable biofuel production; biofuel policy impact; energy policy JEL Classifications: Q16; Q4

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Author Biography

Gulden Boluk, Akdeniz University

Department of Economics

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Published

2013-08-31

How to Cite

Boluk, G., & Koc, A. A. (2013). The Implications of Biofuel Policy in Turkey. International Journal of Energy Economics and Policy, 3(S), 14–22. Retrieved from https://econjournals.com./index.php/ijeep/article/view/570

Issue

Vol. 3 (2013): Special Issue For "International Conference on Energy Economics and Policy, 16-18 May 2013, Nevsehir, Turkey"

Section

Articles

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