Hint: the answer isn’t ethanol.
This op-ed by David Victor is highly recommended. Victor discusses the three lessons to be learned from Brazil’s experience.
…Guided partly by Brazil’s apparent success, American policy-makers are crafting new mandates for ethanol, and flex fuel vehicles are now taking shape. We have the impression that ethanol is king.
In reality, ethanol is a minor player in Brazilian energy supply. It accounts for less than one-tenth of all the country’s energy liquids.
The real source of Brazil’s self-sufficiency is the country’s extraordinary success in producing more oil…
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