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Please use this identifier to cite or link to this item: http://purl.umn.edu/54530

Title: GHG Trading Framework for the U.S. Biofuels Sector
Authors: Kumarappan, Subbu
Joshi, Satish V.
Authors (Email): Kumarappan, Subbu (kumarapp@msu.edu)
Joshi, Satish (satish@msu.edu)
Keywords: biofuels
ethanol
biodiesel
carbon trading
GHG emissions trading
methodology
CCX
CDM
maize
lignocellulosics
well to wheel
life cycle analysis
JEL Codes: Q42
D23
D4
Issue Date: 2008
Abstract: Substitution of petroleum fuels with biofuels such as ethanol and biodiesel has been shown to reduce greenhouse gas (GHG) emissions. These GHG reductions can be traded in the emerging carbon markets, and methodologies for quantifying and trading are still being developed. The main challenges in developing such GHG trading framework are analyzed. An outline of such a framework is presented that depends on the life cycle assessment of GHG reductions, along with a combination of project specific and regional standard performance measures. The advantages of assigning GHG property and trading rights to biofuel producers are discussed. At carbon prices of $10 per metric ton, estimated additional revenues to biofuel producers range from $ 17 to 64 million dollars per billion gallons of corn ethanol and cellulosic ethanol respectively.
URI: http://purl.umn.edu/54530
Institution/Association: Farm Foundation>Transition to a Bio Economy Conferences >Environmental and Rural Development Impacts Conference, October 15-16, 2008, St. Louis, Missouri
Total Pages: 18
From Page: 78
To Page: 95
Collections:Environmental and Rural Development Impacts Conference, October 15-16, 2008, St. Louis, Missouri

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