000126862 001__ 126862
000126862 005__ 20180122221808.0
000126862 037__ $$a1007-2016-79501
000126862 041__ $$aen_US
000126862 245__ $$aThe Shadow Price of GHG Reduction in Corn Ethanol Plants
000126862 260__ $$c2012
000126862 269__ $$a2012
000126862 270__ $$mkassuwam@gmail.com$$pWamisho,   Kassu
000126862 300__ $$a20
000126862 336__ $$aConference Paper/ Presentation
000126862 520__ $$aThis article examines the cost of reducing CO2 emissions in a sample of recently built dry-grind corn ethanol plants. The analysis estimates a translog minimum value function that represents both the minimum cost and the minimum CO2 emissions for given levels of ethanol production. The results indicate that the average plant is able to reduce GHG emissions by 36 percent relative to the level under cost minimization, but production costs are 22 percent higher. The reallocations by which these emissions reductions are achieved are primarily the substitution of wet for dry distillers grains, with the corresponding reduction in the use of natural gas and electricity. To move from least cost to least emissions allocations, ethanol plants would on average produce 25 % more of wet byproduct and 47% less of dry byproduct. Comparing results across observations, the estimated shadow cost of emission abatement ranges from $86 to $190 per ton of CO2, with average value of $124 per ton. This implied shadow cost of abatement can be used as a bench mark for pollution trading and serves to assess the potential response to biofeul regulations.
000126862 542__ $$fLicense granted by Linda Eells (lle@umn.edu) on 2012-07-02T20:52:09Z (GMT):

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000126862 650__ $$aEnvironmental Economics and Policy
000126862 650__ $$aResource /Energy Economics and Policy
000126862 6531_ $$aGHG abatement
000126862 6531_ $$ashadow price of abatement
000126862 6531_ $$acorn ethanol
000126862 700__ $$aWamisho, Kassu
000126862 773__ $$d2012
000126862 8564_ $$s548244$$uhttp://ageconsearch.umn.edu/record/126862/files/Wamisho.pdf
000126862 887__ $$ahttp://purl.umn.edu/126862
000126862 909CO $$ooai:ageconsearch.umn.edu:126862$$pGLOBAL_SET
000126862 912__ $$nSubmitted by Linda Eells (lle@umn.edu) on 2012-07-02T20:54:19Z
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  Previous issue date: 2012
000126862 982__ $$gInternational Association of Agricultural Economists>2012 Conference, August 18-24, 2012, Foz do Iguaçu, Brazil
000126862 980__ $$a1007