Roczniki Akademii Rolniczej w Poznaniu - Seria Ekonomia

Abstract: The new EU legislation on biofuels, which allows a full exemption of petrol tax in the member states, has led to a positive investment climate particularly in Germany. At the same time, the fact that bioethanol can be produced at much lower costs in other parts of the world than in Europe should not be ignored. This article, therefore, aims to analyse the production costs of bioethanol in Brazil, the world?s largest producer and exporter.