| Agriculture-based biofuels have the potential to replace fossil fuels, thereby offsetting greenhouse gas emissions. We estimate emission abatement supply curves from energy crops switchgrass, hybrid poplar, and willow under a wide range of sectorwide greenhouse gas emission reduction incentives in U.S. agriculture. The Agricultural Sector Model employed captures market interactions of biofuel production with traditional agricultural production and with alternative emission mitigation strategies. U.S. results suggest an increasing importance of biomass-based electricity for carbon mitigation incentives above an economic threshold of $50 per ton. At incentive levels of $170 per ton and higher, emission offsets from energy crops provide the highest net... |
