Economics of forest biomass-based energy

Pankaj Lal, Janaki R.R. Alavalapati

Research output: Chapter in Book/Report/Conference proceedingChapterResearchpeer-review

6 Citations (Scopus)

Abstract

Woody bioenergy is an option to reduce dependency on fossil fuels, increase the share of renewable energy and improve the sustainability of forests. Forest economists have analyzed various issues, including economic and social consequences of dramatic increases in growing, harvesting and utilizing forest feedstocks for energy purposes and the ensuing impacts on family forest landowners and other key stakeholders along the supply chains as well as the society at large. We review the problems, applications of economic techniques and ensuing results and outcomes from the literature, focusing more on the ways in which bioenergy issues have been approached by economists, the tools and techniques that have been applied, assumptions therein and the ensuing results. Some of the key research areas, such as biomass supply, public preferences for woody bioenergy, competition with traditional forest industries, land-use change and greenhouse gas emissions, are highlighted. The use of multiple approaches and tools with varied focus, planning periods, feedstock considerations, models and parameter assumptions results in outputs and outcomes that might not be amenable for comparison; some examples are biomass supply estimates, price premiums for woody bioenergy and extension of rotation age to account for ‘carbon saving’. The woody bioenergy markets offer a plethora of research opportunities.

Original languageEnglish
Title of host publicationHandbook of Forest Resource Economics
PublisherTaylor and Francis
Pages275-289
Number of pages15
ISBN (Electronic)9780203105290
ISBN (Print)9780415623247
DOIs
StatePublished - 1 Jan 2014

Fingerprint

forest economics
bioenergy
Biomass
Feedstocks
Economics
biomass
energy
Gas emissions
economists
Fossil fuels
economics
Greenhouse gases
Land use
Supply chains
Sustainable development
feedstocks
Planning
Carbon
Renewable Energy
Fossil Fuels

Keywords

  • Biomass supply
  • Emissions
  • Land-use change
  • Public preferences
  • Willingness to pay

Cite this

Lal, P., & Alavalapati, J. R. R. (2014). Economics of forest biomass-based energy. In Handbook of Forest Resource Economics (pp. 275-289). Taylor and Francis. https://doi.org/10.4324/9780203105290
Lal, Pankaj ; Alavalapati, Janaki R.R. / Economics of forest biomass-based energy. Handbook of Forest Resource Economics. Taylor and Francis, 2014. pp. 275-289
@inbook{62b1d396102d453489d53126522f4dad,
title = "Economics of forest biomass-based energy",
abstract = "Woody bioenergy is an option to reduce dependency on fossil fuels, increase the share of renewable energy and improve the sustainability of forests. Forest economists have analyzed various issues, including economic and social consequences of dramatic increases in growing, harvesting and utilizing forest feedstocks for energy purposes and the ensuing impacts on family forest landowners and other key stakeholders along the supply chains as well as the society at large. We review the problems, applications of economic techniques and ensuing results and outcomes from the literature, focusing more on the ways in which bioenergy issues have been approached by economists, the tools and techniques that have been applied, assumptions therein and the ensuing results. Some of the key research areas, such as biomass supply, public preferences for woody bioenergy, competition with traditional forest industries, land-use change and greenhouse gas emissions, are highlighted. The use of multiple approaches and tools with varied focus, planning periods, feedstock considerations, models and parameter assumptions results in outputs and outcomes that might not be amenable for comparison; some examples are biomass supply estimates, price premiums for woody bioenergy and extension of rotation age to account for ‘carbon saving’. The woody bioenergy markets offer a plethora of research opportunities.",
keywords = "Biomass supply, Emissions, Land-use change, Public preferences, Willingness to pay",
author = "Pankaj Lal and Alavalapati, {Janaki R.R.}",
year = "2014",
month = "1",
day = "1",
doi = "10.4324/9780203105290",
language = "English",
isbn = "9780415623247",
pages = "275--289",
booktitle = "Handbook of Forest Resource Economics",
publisher = "Taylor and Francis",

}

Lal, P & Alavalapati, JRR 2014, Economics of forest biomass-based energy. in Handbook of Forest Resource Economics. Taylor and Francis, pp. 275-289. https://doi.org/10.4324/9780203105290

Economics of forest biomass-based energy. / Lal, Pankaj; Alavalapati, Janaki R.R.

Handbook of Forest Resource Economics. Taylor and Francis, 2014. p. 275-289.

Research output: Chapter in Book/Report/Conference proceedingChapterResearchpeer-review

TY - CHAP

T1 - Economics of forest biomass-based energy

AU - Lal, Pankaj

AU - Alavalapati, Janaki R.R.

PY - 2014/1/1

Y1 - 2014/1/1

N2 - Woody bioenergy is an option to reduce dependency on fossil fuels, increase the share of renewable energy and improve the sustainability of forests. Forest economists have analyzed various issues, including economic and social consequences of dramatic increases in growing, harvesting and utilizing forest feedstocks for energy purposes and the ensuing impacts on family forest landowners and other key stakeholders along the supply chains as well as the society at large. We review the problems, applications of economic techniques and ensuing results and outcomes from the literature, focusing more on the ways in which bioenergy issues have been approached by economists, the tools and techniques that have been applied, assumptions therein and the ensuing results. Some of the key research areas, such as biomass supply, public preferences for woody bioenergy, competition with traditional forest industries, land-use change and greenhouse gas emissions, are highlighted. The use of multiple approaches and tools with varied focus, planning periods, feedstock considerations, models and parameter assumptions results in outputs and outcomes that might not be amenable for comparison; some examples are biomass supply estimates, price premiums for woody bioenergy and extension of rotation age to account for ‘carbon saving’. The woody bioenergy markets offer a plethora of research opportunities.

AB - Woody bioenergy is an option to reduce dependency on fossil fuels, increase the share of renewable energy and improve the sustainability of forests. Forest economists have analyzed various issues, including economic and social consequences of dramatic increases in growing, harvesting and utilizing forest feedstocks for energy purposes and the ensuing impacts on family forest landowners and other key stakeholders along the supply chains as well as the society at large. We review the problems, applications of economic techniques and ensuing results and outcomes from the literature, focusing more on the ways in which bioenergy issues have been approached by economists, the tools and techniques that have been applied, assumptions therein and the ensuing results. Some of the key research areas, such as biomass supply, public preferences for woody bioenergy, competition with traditional forest industries, land-use change and greenhouse gas emissions, are highlighted. The use of multiple approaches and tools with varied focus, planning periods, feedstock considerations, models and parameter assumptions results in outputs and outcomes that might not be amenable for comparison; some examples are biomass supply estimates, price premiums for woody bioenergy and extension of rotation age to account for ‘carbon saving’. The woody bioenergy markets offer a plethora of research opportunities.

KW - Biomass supply

KW - Emissions

KW - Land-use change

KW - Public preferences

KW - Willingness to pay

UR - http://www.scopus.com/inward/record.url?scp=84904810681&partnerID=8YFLogxK

U2 - 10.4324/9780203105290

DO - 10.4324/9780203105290

M3 - Chapter

SN - 9780415623247

SP - 275

EP - 289

BT - Handbook of Forest Resource Economics

PB - Taylor and Francis

ER -

Lal P, Alavalapati JRR. Economics of forest biomass-based energy. In Handbook of Forest Resource Economics. Taylor and Francis. 2014. p. 275-289 https://doi.org/10.4324/9780203105290