But, by year 2023, the emission reduction due to fossil fuel displacement would be higher than that emission release due to land conversion thereby causing net reduction of GHG emissions. Starting 2032, there would be no more release of GHG emissions from land-use change as well, instead there would be reconversion of crop lands to pasture and forest lands thereby causing net sequestration of GHG emissions. This is because biofuel mandates and targets beyond 2020 are assumed to be kept at 2020 level. Thus, the analysis demonstrates that expansion of biofuels causes increase in global GHG emissions in the short-run but reduces GHG emissions in the long-run as long as biofuel mandates remain at the same level.