Economic Evaluation of the Production of Perennial Crops for Energy Purposes—A Review

Ewelina Olba-Zięty, Mariusz Jerzy Stolarski and Michał Krzyżaniak
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Ewelina Olba-Zięty: Department of Genetics, Plant Breeding and Bioresource Engineering, Faculty of Agriculture and Forestry, Centre for Bioeconomy and Renewable Energies, University of Warmia and Mazury in Olsztyn, 10-724 Olsztyn, Poland
Mariusz Jerzy Stolarski: Department of Genetics, Plant Breeding and Bioresource Engineering, Faculty of Agriculture and Forestry, Centre for Bioeconomy and Renewable Energies, University of Warmia and Mazury in Olsztyn, 10-724 Olsztyn, Poland
Michał Krzyżaniak: Department of Genetics, Plant Breeding and Bioresource Engineering, Faculty of Agriculture and Forestry, Centre for Bioeconomy and Renewable Energies, University of Warmia and Mazury in Olsztyn, 10-724 Olsztyn, Poland

Energies, 2021, vol. 14, issue 21, 1-16

Abstract: Biomass is widely used for the production of renewable energy, which calls for an economic evaluation of its generation. The aim of the present work was to review the literature concerning the economic evaluation of the production of perennial crop biomass for energy use. Statistical analysis of the bibliographic data was carried out, as well as an assessment of methods and values of economic indicators of the production of perennial crops for bioenergy. Most of the papers selected for the review were published in the years 2015–2019, which was probably stimulated by the growing interest in sustainable development, particularly after 2015, when the United Nations declared 17 sustainable development goals. The earliest articles concerned the economic analysis of plantations of short rotation coppice; the subsequent ones included the analysis of feedstock production in terms of the net present value and policy. The latest references also investigated transport and sustainability issues. The crops most commonly selected for production cost analysis were willow, poplar, and Miscanthus. The cost of production of willow and poplar were similar, 503 EUR ha −1 year −1 and 557 EUR ha −1 year −1 , respectively, while the cost of Miscanthus production was significantly higher, 909 EUR ha −1 year −1 on average. By analogy, the distribution of revenue was similar for willow and poplar, at 236 EUR ha −1 year −1 and 181 EUR ha −1 year −1 ; Miscanthus production reached the value of 404 EUR ha −1 year −1 . The economic conditions of perennial crop production differed in terms of geography; four areas were identified: Canada, the USA, southern Europe, and central and northern Europe.

Keywords: economic analysis; perennial crops; willow; poplar; Miscanthus; bioenergy; bibliometric networks (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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