Institutional Design of Biofuel Development Across World

Abstract

The notion of global standards for developing normative policy was evolved and advocated by the international organizations with globalization. This approach has been in question in last few decades, with emphasis on localization and increasing importance to the study of institutions to solve global problems. The emphasis on biofuel as a commodity for global trade to overcome oil pool deficit, environmental crisis, agricultural profitability and rural development has gained momentum in last three decades. However, the scanning of biofuel policies across world shows that primary motive for the biofuel development was not same. The biofuel programme implementation shows varied level of control by state, private players and community organizations across world, to address the social, economic and environmental challenges. In this background, the paper attempts to explored the institutional design of biofuel development across world.