Comment on Nobel Prize winning biochemist says all biofuels are nonsenseparentComments−gojomo13yBut would they make a profit without government subsidies and set-asides for corn-derived fuels? That's what is at issue.−jules13yThis is why a tax on carbon is better than subsidies. Then that 7 fossile fuel Joules to 1 biofuel Joule would be a huge loss. Incentivize what you actually want to optimize.
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But would they make a profit without government subsidies and set-asides for corn-derived fuels? That's what is at issue.
This is why a tax on carbon is better than subsidies. Then that 7 fossile fuel Joules to 1 biofuel Joule would be a huge loss. Incentivize what you actually want to optimize.