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GHG Trading Framework for the U.S. Biofuels Sector

Author

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  • Kumarappan, Subbu
  • Joshi, Satish V.

Abstract

Substitution of petroleum fuels with biofuels such as ethanol and biodiesel has been shown to reduce greenhouse gas (GHG) emissions. These GHG reductions can be traded in the emerging carbon markets, and methodologies for quantifying and trading are still being developed. The main challenges in developing such GHG trading framework are analyzed. An outline of such a framework is presented that depends on the life cycle assessment of GHG reductions, along with a combination of project specific and regional standard performance measures. The advantages of assigning GHG property and trading rights to biofuel producers are discussed. At carbon prices of $10 per metric ton, estimated additional revenues to biofuel producers range from $ 17 to 64 million dollars per billion gallons of corn ethanol and cellulosic ethanol respectively.

Suggested Citation

  • Kumarappan, Subbu & Joshi, Satish V., 2008. "GHG Trading Framework for the U.S. Biofuels Sector," Environmental and Rural Development Impacts Conference, October 15-16, 2008, St. Louis, Missouri 54530, Farm Foundation, Transition to a Bio Economy Conferences.
    • Handle: RePEc:ags:fftren:54530
    DOI: 10.22004/ag.econ.54530
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    File URL: https://ageconsearch.umn.edu/record/54530/files/KumarappanSubbu.pdf
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    References listed on IDEAS

    as
    1. Karan Capoor & Philippe Ambrosi, "undated". "State and Trends of the Carbon Market 2007," World Bank Publications - Reports 13407, The World Bank Group.
    2. repec:wbk:wboper:13406 is not listed on IDEAS
    3. Ralph Sims, 2003. "Bioenergy to mitigate for climate change and meet the needs of society, the economy and the environment," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 8(4), pages 349-370, December.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Kumarappan, Subbu & Joshi, Satish V., 2012. "Optimal biomass-harvesting model for biobutanol biorefineries," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124717, Agricultural and Applied Economics Association.

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