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Benefit Cost For Biomass Co-Firing In Electricity Generation: Case Of Utah, U.S

Author

Listed:
  • Kim, Man-Keun
  • Paudel, Bibek
  • Snyder, Donald L.

Abstract

Policy making regarding biomass co-firing is difficult. The article provides a benefit-cost analysis for decision makers to facilitate policy making process to implement efficient biomass co-firing policy. The additional cost is the sum of cost of the biom ass procurement and biomass transportation. Co-benefits are sales of greenhouse gas emission credits and health benefit from reducing harmful air pollutants, especially particulate matter. The benefit-cost analysis is constructed for semi-arid U.S. region, Utah, where biomass supply is limited. Results show that biomass co-firing is not economically feasible in Utah but would be feasible when co-benefits are considered. Benefit-cost ratio is critically dependent upon biomass and carbon credit prices. The procedure to build the benefit-cost ratio can be applied for any region with other scenarios suggested in this study.

Suggested Citation

  • Kim, Man-Keun & Paudel, Bibek & Snyder, Donald L., 3. "Benefit Cost For Biomass Co-Firing In Electricity Generation: Case Of Utah, U.S," International Journal of Food and Agricultural Economics (IJFAEC), Alanya Alaaddin Keykubat University, Department of Economics and Finance, vol. 3(3).
  • Handle: RePEc:ags:ijfaec:208847
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    File URL: http://purl.umn.edu/208847
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    References listed on IDEAS

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    1. Branker, K. & Pathak, M.J.M. & Pearce, J.M., 2011. "A review of solar photovoltaic levelized cost of electricity," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(9), pages 4470-4482.
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