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Market, Welfare and Land-use Implications of Lignocellulosic Bioethanol in Hawaii.
Mochizuki J; Yanagida JF; Coffman M
发表日期2013
出处Working Paper No. 2013-10, UHERO - The Economic Research Organization at the University of Hawaii (November 2013)
出版年2013
语种英语
摘要This article examines land-use, market and welfare implications of lignocellulosic bioethanol production in Hawaii to satisfy 10% and 20% of the State's gasoline demand in line with the State's ethanol blending mandate and Alternative Fuels Standard (AFS). A static computable general equilibrium (CGE) model is used to evaluate four alternative support mechanisms for bioethanol. Namely: (i) a federal blending tax credit, (ii) a long-term purchase contract, (iii) a state production subsidy financed by a lump-sum tax and (iv) a state production subsidy financed by an ad valorem gasoline tax. We find that because Hawaii-produced bioethanol is relatively costly, all scenarios are welfare reducing for Hawaii residents: estimated between -0.14% and -0.32%. Unsurprisingly, Hawaii.s economy and its residents fair best under the federal blending tax credit scenario, with a positive impact to gross state product of $49 million. Otherwise, impacts to gross state product are negative (up to -$63 million). We additionally find that Hawaii-based bioethanol is not likely to offer substantial greenhouse gas emissions savings in comparison to imported biofuel, and as such the policy cost per tonne of emissions displaced ranges between $130 to $2,100/tonne of CO2e. The policies serve to increase the value of agricultural lands, where we estimate that the value of pasture land could increase as much as 150% in the 20% AFS scenario.
主题Risk, Policy and Vulnerability (RPV) ; Risk & ; Resilience (RISK)
关键词Computable general equilibrium modeling Lignocellulosic bioethanol Land use impact Welfare impact Greenhouse gas emissions
URLhttp://pure.iiasa.ac.at/id/eprint/10645/
来源智库International Institute for Applied Systems Analysis (Austria)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/135535
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Mochizuki J,Yanagida JF,Coffman M. Market, Welfare and Land-use Implications of Lignocellulosic Bioethanol in Hawaii.. 2013.
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