The Long-Term Prospects of Biofuels in the EU-15 Countries

Amela Ajanovic, Gerfried Jungmeier, Martin Beermann and Reinhard Haas
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Amela Ajanovic: Energy Economics Group, Vienna University of Technology, Gusshausstrasse 25-29/370-3, Vienna 1040, Austria
Gerfried Jungmeier: Joanneum Research, Elisabethstrasse 5, Graz 8010, Austria
Martin Beermann: Joanneum Research, Elisabethstrasse 5, Graz 8010, Austria
Reinhard Haas: Energy Economics Group, Vienna University of Technology, Gusshausstrasse 25-29/370-3, Vienna 1040, Austria

Energies, 2012, vol. 5, issue 8, 1-16

Abstract: The core objective of this paper is to analyze the energy and CO 2 reduction potentials as well as the market prospects of biofuels in EU-15 in a dynamic framework till 2050. The most important result of this analysis is that 2nd generation biofuels might become economically competitive between 2020 and 2030, yet this can only be achieved if the following preconditions are fulfilled: (1) achievement of significant learning effects leading to considerably lower plant costs; (2) significant improvement of conversion efficiency from feedstock to fuel leading to lower feedstock costs and better ecological performance; (3) increases in conventional diesel and gasoline prices, e.g., due to CO 2 based taxes.

Keywords: biofuels; potentials; economics; CO 2 emissions; EU-15 (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: 2012
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