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GTAP Resources: Resource Display

GTAP Resource #4204

"Long Run Implications of U.S. Biofuels Policies: A Dynamic General Equilibrium Analysis"
by Birur, Dileep and Robert Beach


Abstract
Biofuels have continued to gain momentum over the last decade due to growing worldwide interest in achieving energy security and climate change mitigation. The first generation biofuels produced mainly from agricultural sources have experienced unprecedented growth in recent years. The U.S. has emerged as the leading producer of biofuels, with 13.2 billion gallons of corn-ethanol and more than one billion gallons of biodiesel in 2012. The U.S. Congress has established a renewable fuel standard (RFS) rule that mandates annual production of 36 billion gallons of biofuels by 2022 (USEPA, 2010), which includes 16 billion gallons of second generation cellulosic biofuels. Currently, only 100 million gallons of cellulosic biofuels production capacity is under construction in the U.S. which mainly uses energy grasses and crop residue as their feedstock. As the International Energy Agency (IEA) reports, around 52 countries together produced more than 28 billion gallons of different types of biofuels for transportation in 2010. The mandates implemented in these countries would require a total production of 60 billion gallons by 2022. Large scale production of biofuels results in far-reaching intended and unintended consequences on the economy and environment. Previous studies on examining the economywide impact of biofuels have focused mainly on first generation biofuels. In this study, we examine the longer-term global implications of complete execution of U.S. RFS2 policy which includes both first and second generation biofuels.

We develop a recursive dynamic computable general equilibrium (CGE) model based on the Global Trade Analysis Project (GTAP) data base and a suite of models. The key data base used in this study is the GTAP data base version 7.1 (Narayanan and Walmsley, Ed., 2008) which comprises 57 sectors and 112 regions, corresponding to the global economy in 2004. Since there are no explicit sectors for biofuels and their respective feeds...


Resource Details (Export Citation) GTAP Keywords
Category: 2013 Conference Paper
Status: Published
By/In: Presented at the 16th Annual Conference on Global Economic Analysis, Shanghai, China
Date: 2013
Version:
Created: Beach, R. (4/15/2013)
Updated: Beach, R. (4/15/2013)
Visits: 1,069
- Baseline development
- Dynamic modeling
- Bioenergy
- Land use
- Agricultural policies
- North America


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