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Article
Benefit Cost for Biomass Co-firing in Electricity Generation: Case of Utah, U.S.
International Journal of Food and Agricultural Economics (2015)
  • Man-Keun Kim, Utah State University
  • Bibek Paudel
  • Donald L Snyder, Utah State University
Abstract
Policy making regarding biomass co-firing is difficult. The article provides a benefit-cost analysis for decision makers to facilitate policy making process to implement efficient biomass co-firing policy. The additional cost is the sum of cost of the biomass procurement and biomass transportation. Co-benefits are sales of greenhouse gas emission credits and health benefit from reducing harmful air pollutants, especially particulate matter. The benefit-cost analysis is constructed for semi-arid U.S. region, Utah, where biomass supply is limited. Results show that biomass co-firing is not economically feasible in Utah but would be feasible when co-benefits are considered. Benefit-cost ratio is critically dependent upon biomass and carbon credit prices. The procedure to build the benefit-cost ratio can be applied for any region with other scenarios suggested in this study.
Publication Date
August, 2015
Citation Information
Man-Keun Kim, Bibek Paudel and Donald L Snyder. "Benefit Cost for Biomass Co-firing in Electricity Generation: Case of Utah, U.S." International Journal of Food and Agricultural Economics Vol. 3 Iss. 3 (2015)
Available at: http://works.bepress.com/man-keun_kim/43/