2013 · 13 citations · 0 references
Natural ResourcesNatural Resource EconomicsResource EconomicsEnergy EconomicsEnergy PolicyEnvironmental EconomicsBiofuel PolicyBiofuel ProductionBiomass Energy SystemsBiomass Resource AssessmentCarbon MarketsCarbon Sequestration EconomicsBioenergy EconomicsBiomass Carbon Stock AssessmentBiomass Stock AssessmentCarbon Capture PolicyCarbon Dioxide CaptureEnergy Futures MarketsLignocellulosic Biomass UtilizationWholesale Energy Markets
Understanding the capacity of the U.S. biomass resource, its potential in energy markets, and the most economic utilization of biomass is important in policy development and project selection. The potential for biomass within markets and the competition between them were analyzed in this study. It was found that biomass has the potential to compete well in the jet fuel and gasoline markets, that penetration of biomass in markets is likely to be limited by the size of the resource, and that biomass is most cost effectively used for fuels instead of power in mature markets unless carbon capture and sequestration is available and the cost of carbon is around $80/metric ton CO2e.