Ethanol and Biodiesel in Canada: Can They Help Meet Canada's Kyoto Commitment?

The Canadian government ratified the Kyoto Protocol in December 2002. The protocol calls for greenhouse gas emissions to be reduced by 6 percent below the 1990 level (approximately 35 percent below what they are expected to be in a business-as-usual situation) by 2008–2012. To help meet this target, both federal and provincial governments in Canada have developed programs (in some cases mandates) for ethanol and biodiesel production and use in fuel blends. Various subsidy schemes have been designed to stimulate development of a biofuels industry in Canada. While the programs have been promoted on the basis of environmental concerns, a major driver has been the search for new markets for Canadian agricultural commodities that face chronically depressed prices. The purposes of this article are to review the current state of policies, programs and production of ethanol and biodiesel in Canada and to assess the prospect of these biofuels to significantly reduce production of greenhouse gases in Canada.Agricultural and Food Policy,

F. Ludwig Diehn School of Music Gala Celebration: Messiah by G. F. Handel

Soloists: Rachel Bradley, Alto Hunter Elliot, Tenor Larry J. Giddens, Jr., Baritone Victoria Magnusson, Soprano Keaton Whitehurst, Soprano Nancy Kirkland Klein, Conducto

Vertical integration and firm boundaries : the evidence

Since Ronald H. Coase's (1937) seminal paper, a rich set of theories has been developed that deal with firm boundaries in vertical or input–output structures. In the last twenty-five years, empirical evidence that can shed light on those theories also has been accumulating. We review the findings of empirical studies that have addressed two main interrelated questions: First, what types of transactions are best brought within the firm and, second, what are the consequences of vertical integration decisions for economic outcomes such as prices, quantities, investment, and profits. Throughout, we highlight areas of potential cross-fertilization and promising areas for future work