Energy Lessons from Brazil

Much of America's energy debate can be summed up as "drill, baby, drill" versus "farm, baby, farm." Fans of conventional energy are pressing for the development of America's native oil and gas resources, while advocates of renewable energy call for greater amounts of biomass, either as conventional ethanol or next-generation cellulosic ethanol. Ethanol advocates point to Brazil and credit its switch to sugar-cane ethanol with helping to insulate the country from oil shocks of recent years. But digging a bit deeper into the data tells a more interesting tale: while ethanol certainly helped Brazil economically and environmentally, oil production was responsible for three-quarters of the energy wealth created by Brazil's energy development over the last twenty-eight years. How would the United States fare with comparable policies?

Researchers Roger Aliaga-Diaz, Joseph H. Davis, and Marc D. Weidenmier will present their recent National Bureau of Economic Research working paper, "Is Sugar Sweeter at the Pump? The Macroeconomic Impact of Brazil's Alternative Energy Program." AEI's Kenneth P. Green will moderate.

Also Visit
AEIdeas Blog The American Magazine
About the Author

 

Kenneth P.
Green

What's new on AEI

Study: Piketty tax plan would boost equality by making rich less rich. But poor would be poorer, too
image Rep. McCaul’s cybersecurity information sharing center: If you build it, will they come?
image Halbig and its aftermath
image Culture of how Washington pays for medical care
AEI on Facebook
Events Calendar
  • 28
    MON
  • 29
    TUE
  • 30
    WED
  • 31
    THU
  • 01
    FRI
Tuesday, July 29, 2014 | 10:00 a.m. – 12:00 p.m.
Is Medicare's future secure? The 2014 Trustees Report

Please join AEI as the chief actuary for Medicare summarizes the report’s results, followed by a panel discussion of what those spending trends are likely to mean for seniors, taxpayers, the health industry, and federal policy.

Event Registration is Closed
Friday, August 01, 2014 | 10:30 a.m. – 12:00 p.m.
Watergate revisited: The reforms and the reality, 40 years later

Please join us as four of Washington’s most distinguished political observers will revisit the Watergate hearings and discuss reforms that followed.

No events scheduled this day.
No events scheduled this day.
No events scheduled today.
No events scheduled this day.
No events scheduled this day.
No events scheduled this day.