GHG Trading Framework for the U.S. Biofuels Sector
AbstractSubstitution 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.
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Bibliographic InfoPaper provided by Farm Foundation, Transition to a Bio Economy Conferences in its series Environmental and Rural Development Impacts Conference, October 15-16, 2008, St. Louis, Missouri with number 54530.
Date of creation: 2008
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biofuels; ethanol; biodiesel; carbon trading; GHG emissions trading; methodology; CCX; CDM; maize; lignocellulosics; well to wheel; life cycle analysis; Environmental Economics and Policy; Q42; D23; D4;
Find related papers by JEL classification:
- Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
- D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
- D4 - Microeconomics - - Market Structure and Pricing
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- 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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