Algal biodiesel economy and competition among bio-fuels.
This investigation examines the possible results of policy support in developed and developing economies for developing algal biodiesel through to 2040. This investigation adopts the Taiwan General Equilibrium Model-Energy for Bio-fuels (TAIGEM-EB) to predict competition among the development of algal biodiesel, bioethanol and conventional crop-based biodiesel. Analytical results show that algal biodiesel will not be the major energy source in 2040 without strong support in developed economies. In contrast, bioethanol enjoys a development advantage relative to both forms of biodiesel. Finally, algal biodiesel will almost completely replace conventional biodiesel. CO(2) reduction benefits the development of the bio-fuels industry.
Lee
D H
DH
Institute of Applied Economics, National Taiwan Ocean University, 2 Pei-Ning Road, Keelung 20224, Taiwan, ROC. dhlee@mail.ntou.edu.tw
D001674:Bioelectric Energy Sources / Q000639:trends*; D056804:Biofuels; D004736:Energy-Generating Resources / Q000191:economics; D056890:Eukaryota / Q000378:metabolism*; D005742:Gasoline / Q000191:economics*; D006801:Humans; D007221:Industry / Q000191:economics; D057766:Policy; D013624:Taiwan
D056804:Biofuels; D005742:Gasoline