Modelling key market impacts and land allocation for biofuel production and forestry. (12th February 2006)

• Record Type: Journal Article
• Authors: Korobeinikov, A.; Read, P.; Parshotam, A.; Lermit, J.
• Is Part Of: Journal of applied mathematics & decision sciences. Volume 2006(2006)
• Publication Date: 2006-02-12
• Subjects: Operations research -- Periodicals; Mathematical models -- Periodicals; Statistics -- Periodicals; Quality control -- Periodicals; Mathematical models; Operations research; Quality control; Statistics; Periodicals; 519.05
• DOI: 10.1155/JAMDS/2006/81071
• Languages: English
• ISSNs: 1173-9126

Abstract

Abstract : 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.