Open AccessEfficiency and Environmental Metrics of Algal Fuel
Author(s) -
D. A. L. Auld
Publication year - 2015
Publication title -
environmental management and sustainable development
Language(s) - English
Resource type - Journals
ISSN - 2164-7682
DOI - 10.5296/emsd.v4i2.8182
Subject(s) - subsidy , greenhouse gas , fossil fuel , renewable energy , biofuel , biomass (ecology) , environmental science , entitlement (fair division) , natural resource economics , fuel efficiency , renewable fuels , economics , waste management , ecology , engineering , biology , automotive engineering , mathematical economics , market economy
Energy efficiency, greenhouse gas (GHG) reduction effectiveness and cost are the major characteristics that determine the commercial production, consumption and potential subsidization of non-fossil, renewable fuels. This paper sets out a basic model by which the characteristics of algal fuel can be examined and in doing so, conclusions are reached regarding the likelihood of algal fuel becoming a major biofuel in the immediate and near-term future and the potential subsidy entitlement of the fuel.