Publication:
What is the Social Value of Second-Generation Biofuels?

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dc.contributor.authorHertel, Thomas W.
dc.contributor.authorSteinbuks, Jevgenijs
dc.contributor.authorTyner, Wallace E.
dc.date.accessioned2015-01-07T21:27:26Z
dc.date.available2015-01-07T21:27:26Z
dc.date.issued2014-12
dc.description.abstractWhat is second-generation biofuel technology worth to global society? A dynamic, computable partial equilibrium model (called FABLE) is used to assess changes in global land use for crops, livestock, biofuels, forestry, and environmental services, as well as greenhouse gas emissions, with and without second-generation biofuels technology. The difference in the discounted stream of global valuations of land-based goods and services gives the value of second-generation technology to society. Under baseline conditions, this to amounts to $64.2 billion at today's population or an increase of roughly 0.3 percent in the valuation of the world's land resources. This gain arises despite the fact that, in the baseline scenario, the technology does not become commercially viable until 2035. Alternative scenarios considered include: diminished crop yield growth owing to adverse climate impacts, flat energy prices, low economic growth, and high population growth, as well as greenhouse gas regulation. The most important factor driving second-generation valuation is greenhouse gas regulation, which more than doubles the social value of this technology. Flat energy prices essentially eliminate the value of second-generation technology to society, and high population growth reduces its value because of the heightened competition for land for food production.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/12/23056383/social-value-second-generation-biofuels
dc.identifier.doi10.1596/1813-9450-7142
dc.identifier.urihttps://hdl.handle.net/10986/21137
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank Group, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7142
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS COSTS
dc.subjectAGRICULTURAL ECONOMICS
dc.subjectAGRICULTURAL OUTPUT
dc.subjectAGRICULTURAL PRODUCTION
dc.subjectAGRICULTURAL USES
dc.subjectAGROCHEMICALS
dc.subjectALLOCATION
dc.subjectALTERNATIVE SCENARIOS
dc.subjectANNUAL EMISSIONS
dc.subjectANNUAL ENERGY OUTLOOK
dc.subjectAPPROACH
dc.subjectBEQUEST VALUE
dc.subjectBIO-OIL
dc.subjectBIOMASS
dc.subjectBIOMASS CONVERSION
dc.subjectBIOMASS FEEDSTOCK
dc.subjectBIOMASS TO ENERGY
dc.subjectCAPITAL COST
dc.subjectCAPITAL COSTS
dc.subjectCARBON
dc.subjectCARBON EMISSIONS
dc.subjectCARBON FLUXES
dc.subjectCARBON FOOTPRINT
dc.subjectCELLULOSIC BIOMASS
dc.subjectCELLULOSIC FEEDSTOCK
dc.subjectCELLULOSIC FEEDSTOCKS
dc.subjectCHEMICAL PROCESSES
dc.subjectCLIMATE
dc.subjectCLIMATE CHANGE
dc.subjectCLIMATE CHANGE IMPACTS
dc.subjectCLIMATE POLICIES
dc.subjectCLIMATE POLICY
dc.subjectCLIMATE STABILIZATION
dc.subjectCO2
dc.subjectCOMBUSTION
dc.subjectCONSUMER DEMAND
dc.subjectCONSUMPTION OF ENERGY
dc.subjectCONVERSION OF BIOMASS
dc.subjectCORN STOVER
dc.subjectCOST ESTIMATES
dc.subjectCOST OF FEEDSTOCK
dc.subjectCOST OF PRODUCTION
dc.subjectCRUDE OIL
dc.subjectCRUDE OIL PRICE
dc.subjectDECISION MAKING
dc.subjectDEFORESTATION
dc.subjectDEMAND FOR ENERGY
dc.subjectDEMAND FOR ENERGY SERVICES
dc.subjectDIESEL
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC VALUE
dc.subjectECONOMICS
dc.subjectECOSYSTEM
dc.subjectECOSYSTEMS
dc.subjectEFFICIENT EQUIPMENT
dc.subjectEFFICIENT USE
dc.subjectELECTRICITY
dc.subjectEMISSIONS
dc.subjectEMISSIONS FROM DEFORESTATION
dc.subjectEMISSIONS FROM LIVESTOCK
dc.subjectEMISSIONS MITIGATION
dc.subjectEMISSIONS TARGETS
dc.subjectENERGY ECONOMICS
dc.subjectENERGY EXTRACTION
dc.subjectENERGY INFORMATION ADMINISTRATION
dc.subjectENERGY POLICY
dc.subjectENERGY PRICE
dc.subjectENERGY PRICES
dc.subjectENVIRONMENTAL
dc.subjectENVIRONMENTAL IMPACTS
dc.subjectENVIRONMENTAL RESEARCH
dc.subjectEQUILIBRIUM
dc.subjectETHANOL
dc.subjectEXPENDITURES
dc.subjectEXTERNALITIES
dc.subjectFAST PYROLYSIS
dc.subjectFEEDSTOCK
dc.subjectFEEDSTOCK COST
dc.subjectFEEDSTOCK COSTS
dc.subjectFEEDSTOCKS
dc.subjectFERTILIZERS
dc.subjectFOOD PRODUCTION
dc.subjectFOREST
dc.subjectFOREST AREA
dc.subjectFOREST AREAS
dc.subjectFOREST CARBON
dc.subjectFOREST CARBON SEQUESTRATION
dc.subjectFOREST SINKS
dc.subjectFORESTRY
dc.subjectFORESTRY ACTIVITIES
dc.subjectFORESTRY PRODUCTS
dc.subjectFORESTRY SECTOR
dc.subjectFORESTS
dc.subjectFOSSIL
dc.subjectFOSSIL FUEL
dc.subjectFOSSIL FUEL PRICES
dc.subjectFOSSIL FUELS
dc.subjectFUEL CONSUMPTION
dc.subjectFUEL CONVERSION
dc.subjectFUEL PRICES
dc.subjectGAS TECHNOLOGY
dc.subjectGASOLINE
dc.subjectGENERATION
dc.subjectGHG
dc.subjectGREENHOUSE
dc.subjectGREENHOUSE GAS
dc.subjectGREENHOUSE GAS EMISSIONS
dc.subjectHYDROCARBONS
dc.subjectHYDROGEN
dc.subjectINCOME
dc.subjectINPUT PRICES
dc.subjectLABOR COSTS
dc.subjectLAND COVER CHANGE
dc.subjectLAND RESOURCES
dc.subjectLAND USE
dc.subjectLAND USE DECISIONS
dc.subjectLIQUID FUEL
dc.subjectLIQUID FUELS
dc.subjectLIVESTOCK PRODUCTS
dc.subjectMETHANE
dc.subjectMETHANE EMISSIONS
dc.subjectNATURAL FORESTS
dc.subjectNATURAL GAS
dc.subjectNATURAL RESOURCES
dc.subjectNITROUS OXIDE
dc.subjectNITROUS OXIDE EMISSIONS
dc.subjectOIL
dc.subjectOIL EQUIVALENT
dc.subjectOIL MARKETS
dc.subjectOIL PRICE
dc.subjectOIL PRICE SCENARIO
dc.subjectOIL PRICES
dc.subjectPASTURE LAND
dc.subjectPASTURES
dc.subjectPETROLEUM
dc.subjectPETROLEUM PRICES
dc.subjectPETROLEUM PRODUCTS
dc.subjectPOLICY ANALYSIS
dc.subjectPOLICY IMPLICATIONS
dc.subjectPOLICY MAKERS
dc.subjectPOPULATION GROWTH
dc.subjectPRESENT VALUE
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPYROLYSIS
dc.subjectRENEWABLE FUEL
dc.subjectRENEWABLE FUELS
dc.subjectRESOURCE ECONOMICS
dc.subjectRICE PRODUCTION
dc.subjectRISKS OF CLIMATE CHANGE
dc.subjectSUBSTITUTION
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectTECHNOLOGICAL CHANGE
dc.subjectTECHNOLOGICAL PROGRESS
dc.subjectTEMPERATURE
dc.subjectTIMBER
dc.subjectTOTAL COST
dc.subjectTOTAL COSTS
dc.subjectTRANSPORTATION FUELS
dc.subjectUNCERTAINTIES
dc.subjectUTILITY FUNCTION
dc.subjectWAGES
dc.subjectWELFARE FUNCTION
dc.subjectWOOD PRODUCTS
dc.subjectWORLD CRUDE
dc.subjectWORLD ENERGY
dc.subjectWORLD ENERGY OUTLOOK
dc.titleWhat is the Social Value of Second-Generation Biofuels?en
dspace.entity.typePublication
okr.crosscuttingsolutionareaClimate Change
okr.crossref.titleWhat is the Social Value of Second-Generation Biofuels?
okr.date.disclosure2014-12-31
okr.date.doiregistration2025-04-10T07:21:52.033298Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2014/12/23056383/social-value-second-generation-biofuels
okr.globalpracticeEnergy and Extractives
okr.guid488361468133542419
okr.identifier.doi10.1596/1813-9450-7142
okr.identifier.externaldocumentum000158349_20141219111930
okr.identifier.internaldocumentum23056383
okr.identifier.reportWPS7142
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/12/19/000158349_20141219111930/Rendered/PDF/WPS7142.pdfen
okr.topicEnvironment::Climate Change Mitigation and Green House Gases
okr.topicMacroeconomics and Economic Growth::Climate Change Economics
okr.topicEnergy::Energy Production and Transportation
okr.topicEnergy::Energy and Environment
okr.topicEnvironmental Economics and Policies
okr.unitEnvironment and Energy Team, Development Research Group
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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