Monetized value of the environmental, health and resource externalities of soy biodiesel

Matthew Winden, Nathan Cruze, Tim Haab and Bhavik Bakshi

Energy Economics, 2015, vol. 47, issue C, 18-24

Abstract: This study monetizes the life cycle environmental damage, human health risk, and resource depletion externalities associated with the production and use of biodiesel fuels from soybean feedstock. Applying a framework that couples life cycle damage measurements with social preferences elicited from a conjoint choice experiment allows for comparison of petrodiesel and biodiesel's external damages. The results of the study reveal that production and consumption of soybean based biodiesels produce improvements in environmental, health and resource impacts of $0.27 per gallon relative to petrodiesel for a 20% blend and $3.14 per gallon for a 100% blend.

Keywords: Biofuels; Biodiesel; Willingness-to-pay; External cost; Externalities (search for similar items in EconPapers)
JEL-codes: Q42 Q48 Q51 Q53 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Working Paper: Monetized value of the environmental, health and resource externalities of soy biodiesel (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:47:y:2015:i:c:p:18-24

DOI: 10.1016/j.eneco.2014.10.019

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