BENEFIT COST FOR BIOMASS CO-FIRING IN ELECTRICITY GENERATION: CASE OF UTAH, U.S

Man-Keun Kim, Bibek Paudel and Donald Snyder

International Journal of Food and Agricultural Economics (IJFAEC), 2015, vol. 03, issue 3, 16

Abstract: Policy making regarding biomass co-firing is difficult. The article provides a benefit-cost analysis for decision makers to facilitate policy making process to implement efficient biomass co-firing policy. The additional cost is the sum of cost of the biom ass procurement and biomass transportation. Co-benefits are sales of greenhouse gas emission credits and health benefit from reducing harmful air pollutants, especially particulate matter. The benefit-cost analysis is constructed for semi-arid U.S. region, Utah, where biomass supply is limited. Results show that biomass co-firing is not economically feasible in Utah but would be feasible when co-benefits are considered. Benefit-cost ratio is critically dependent upon biomass and carbon credit prices. The procedure to build the benefit-cost ratio can be applied for any region with other scenarios suggested in this study.

Keywords: Agribusiness; Agricultural and Food Policy; Crop Production/Industries; Productivity Analysis; Research and Development/Tech Change/Emerging Technologies; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ijfaec:208847

DOI: 10.22004/ag.econ.208847

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