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Induced land use emissions due to first and second generation biofuels and uncertainty in land use emissions factors 31
Taheripour, Farzad; Tyner, Wallace E..
Much research has provided estimates of induced land use change and emissions for first generation biofuels. Relatively little has estimated land use change for the second generation cellulosic biofuels. In this paper we estimate induced land use change and emissions for these biofuels. Estimated emissions due to land use changes induced by biofuels production are uncertain not only because their associated land use changes are uncertain, but also because of uncertainty in the land use emissions factors (EFs). This paper also examines uncertainties related to these EFs and their assumptions. Three emissions factors including EFs obtained based on Woods Hole (WH) data, EFs developed by California Air Resources Board (CARB), and EFs obtained from the...
Tipo: Presentation Palavras-chave: Cellulosic biofuels; Land use change emissions; Resource /Energy Economics and Policy.
Ano: 2012 URL: http://purl.umn.edu/124407
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Investment in Cellulosic Biofuel Refineries: Do Renewable Identification Numbers Matter? 31
Miao, Ruiqing; Hennessy, David A.; Babcock, Bruce A..
A floor and trade policy in Renewable Identification Numbers (RINs) is the market mechanism by which U.S. biofuel consumption mandates are met. A conceptual model is developed to study the impact of RINs on stimulating investment in cellulosic biofuel refineries. In a two-period framework, we compare the first-period investment level (FIL) in three scenarios: (1) laissez-faire, (2) RINs under a nonwaivable mandate (NWM) policy, and (3) RINs under a waivable mandate (WM) policy. Results show that when firm-level marginal costs are constants, then RINs under WM policy do not stimulate FIL but they do increase the expected profit of more efficient investors. When firm-level marginal costs are not constants, however, RINs under WM policy stimulate FIL. RINs...
Tipo: Working or Discussion Paper Palavras-chave: Cellulosic biofuels; Investment; Renewable Identification Numbers; Waivable mandate; Crop Production/Industries; Resource /Energy Economics and Policy; Risk and Uncertainty.
Ano: 2010 URL: http://purl.umn.edu/94001
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CELLULOSIC BIOFUELS ANALYSIS: ECONOMIC ANALYSIS OF ALTERNATIVE TECHNOLOGIES 31
Rismiller, Craig W.; Tyner, Wallace E..
The passage of U.S. laws mandating and subsidizing advanced cellulosic biofuels may spur the development of a commercial cellulosic biofuels industry. However, a cellulosic industry will only develop if the overall economics including government incentives render investment in the sector attractive to private investors. This study compares the profitability of three biofuel production types: grain based ethanol, cellulosic biochemical ethanol, and cellulosic thermochemical biofuels. In order to compare the current profitability of each of the production types, the Biofuels Comparison Model (BCM) was developed. The BCM is a spreadsheet model that estimates the net present value (NPV) for each production type given input and output prices, technical,...
Tipo: Working or Discussion Paper Palavras-chave: Biofuels; Cellulosic biofuels; Corn ethanol; Biofuel economics; Resource /Energy Economics and Policy; Z42.
Ano: 2009 URL: http://purl.umn.edu/53583
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Investment in Cellulosic Biofuel Refineries: Does the Waivable Mandate Matter? 31
Miao, Ruiqing; Babcock, Bruce A.; Hennessy, David A..
Renewable Fuel Standard (RFS) aims to support investment in cellulosic biofuel refineries by mandating a floor on the amount of biofuels being consumed in every calendar year. Tradable Renewable Identification Numbers (RINs) is the market mechanism by which the mandates are to be met. But the RFS allows for a waiver of the mandates. In this paper we construct a conceptual model to study the impact of RINs on stimulating investment in cellulosic biofuel refineries under a waivable mandate. In a two-period framework, we compare the first-period investment level in three scenarios: (1) laissez-faire, (2) non-waivable mandate implemented through RINs, and (3) waivable mandate implemented through RINs. We find that RINs associated with a waivable mandate may or...
Tipo: Conference Paper or Presentation Palavras-chave: Cellulosic biofuels; Renewable identification numbers; Waivable mandate; Investment; Industrial Organization; Resource /Energy Economics and Policy; Risk and Uncertainty.
Ano: 2010 URL: http://purl.umn.edu/61165
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