What is the Social Value of Second Generation Biofuels?

Thomas Hertel, Jevgenijs Steinbuks and Wallace Tyner

No 204909, 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California from Agricultural and Applied Economics Association

Abstract: What are second generation (2G) biofuel technologies worth to global society? A dynamic, economic model is used to assess the impact on crops, livestock, biofuels, forestry, and environmental services, as well as GHG emissions of introducing 2G biofuels technology. Under baseline conditions, this to amounts to $64.2 billion at today’s population or an increase of roughly 0.3% in the valuation of the world’s land resources. Under GHG regulation this global valuation more than doubles, whereas a flat energy price scenario essentially eliminates the value of 2G technology to society.

Keywords: Environmental Economics and Policy; Land Economics/Use; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-ene and nep-env
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: What Is the Social Value of Second Generation Biofuels? (2016)
Working Paper: What is the social value of second-generation biofuels ? (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea15:204909

DOI: 10.22004/ag.econ.204909

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