Modelling key market impacts and land allocation for biofuel production and forestry | Zendy

Andrei Korobeinikov | Zendy; Peter Read | Zendy; A. Parshotam | Zendy; Jonathan Lermit | Zendy

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Modelling key market impacts and land allocation for biofuel production and forestry

Author(s) -

Andrei Korobeinikov,

Peter Read,

A. Parshotam,

Jonathan Lermit

Publication year - 2006

Publication title -

journal of applied mathematics and decision sciences

Language(s) - English

Resource type - Journals

eISSN - 1532-7612

pISSN - 1173-9126

DOI - 10.1155/jamds/2006/81071

Subject(s) - reforestation , biofuel , production (economics) , scale (ratio) , natural resource economics , environmental science , land use , business , forestry , agroforestry , economics , waste management , microeconomics , ecology , engineering , physics , quantum mechanics , biology , geography

It has been suggested that the large scale use of biofuel, that is, fuel derived from biological materials, especially in combination with reforestation of large areas, can lead to a low-cost reduction of atmospheric carbon dioxide levels. In this paper, a model of three markets: fuel, wood products, and land are considered with the aim of evaluating the impact of large scale biofuel production and forestry on these markets, and to estimate the cost of a policy aimed at the reduction of carbon dioxide in the atmosphere. It is shown that the costs are lower than had been previously expected.

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