ASSESSING THE WELFARE EFFECTS OF PROMOTING BIOMASS GROWTH AND THE USE OF BIOENERGY

Tommy Lundgren () and Per-Olov Marklund ()
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Tommy Lundgren: Centre for Environmental and Resource Economics, S-901 87 Umeå, Sweden
Per-Olov Marklund: Centre for Environmental and Resource Economics, S-901 87 Umeå, Sweden

Climate Change Economics (CCE), 2013, vol. 04, issue 01, 1-13

Abstract: Using a growth model that accounts for environmental and climate externalities, we take a closer look at the welfare effects of promoting biomass growth and the use of bioenergy, and especially the role of carbon neutrality. As an illustration, a hypothetical intensive forest cultivation project is simulated. Costs and benefits of the project show that only determining the postive effects of promoting biomass growth and the use of bioenergy, such as substitution away from fossil fuels and carbon sequestration is not sufficient. But more importantly, to achieve a balanced measure of the effects on the climate, we must also incorporate all carbon emissions that are associated with bioenergy. Not doing so will over-estimate the positive climate effects of increasing the use of bioenergy.

Keywords: Bioenergy; carbon neutrality; dynamic envelope theorem (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (3)

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DOI: 10.1142/S2010007813500036

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