The net cost of biofuels in Thailand-An economic analysis

►An assessment of the net economic costs and benefits of achieving the Thai biofuel targets for year 2011 is presented. ►Domestic production of biofuel is calculated to be 9.5 billion THB more expensive than importing the equivalent amount of petroleum. ►Although biofuels are somewhat more expensive but their domestic production allows virtually all of the money to stay within the Thai economy.