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

Bhavik Bakshi (), Nathan Cruze (), Tim Haab and Matthew Winden
Additional contact information
Bhavik Bakshi: Department of Chem. and Biom. Engineering, The Ohio State University
Nathan Cruze: Department of Statistics, The Ohio State University

Working Papers from UW-Whitewater, Department of Economics

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. Utilizing an integrated economic-environmental assessment framework that couples life cycle impacts and a conjoint choice experiment for social preference elicitation allows for a comprehensive comparison of petrodiesel and biodiesel’s external impacts. The results of the study reveal the production and consumption of soybean based biodiesels produce net 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: Valuation; Biodiesel; Externality; LCIA (search for similar items in EconPapers)
JEL-codes: Q42 Q48 Q51 Q53 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2013-09
New Economics Papers: this item is included in nep-dcm and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Monetized value of the environmental, health and resource externalities of soy biodiesel (2015)
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