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

Author

Listed:
  • 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)

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.

Suggested Citation

  • Amela Ajanovic & Gerfried Jungmeier & Martin Beermann & Reinhard Haas, 2012. "The Long-Term Prospects of Biofuels in the EU-15 Countries," Energies, MDPI, vol. 5(8), pages 1-16, August.
    • Handle: RePEc:gam:jeners:v:5:y:2012:i:8:p:3110-3125:d:19533
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    References listed on IDEAS

    as
    1. Panoutsou, Calliope & Eleftheriadis, John & Nikolaou, Anastasia, 2009. "Biomass supply in EU27 from 2010 to 2030," Energy Policy, Elsevier, vol. 37(12), pages 5675-5686, December.
    2. Hamelinck, Carlo N & Faaij, Andre P.C., 2006. "Outlook for advanced biofuels," Energy Policy, Elsevier, vol. 34(17), pages 3268-3283, November.
    3. Ajanovic, A. & Haas, R., 2010. "Economic challenges for the future relevance of biofuels in transport in EU countries," Energy, Elsevier, vol. 35(8), pages 3340-3348.
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