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Energy: BioethanolLECTURE ON THE ECONOMICS OF ENERGY
Why does Energy matter?National Security IssuesContinued decline in energy reserves
What actions have been taken?Incentive building for alternative fuelsCreation of alternative fuelsModel Redesign
What fuels are currently available?BiodieselEthanolElectricityHydrogenNatural GasPropane
Costs of Biodiesel
Costs of Ethanol
Costs of Electric Cars:
Costs of Hydrogen
BioethanolWhat is Bioethanol?
Current Ethanol RegulationClean Air Act 1977 Amendments 1990 AmendmentsFuel Additive and Fuel Registration E15 Regist...
Offsetting CostsNet Gain in Consumer Welfare (Assumed)Incentives (Federal Incentives)
Additional Costs: Agricultural IssueInterconnectedness of Food Market and Fuel Market Raises costs of crops Commonly se...
My QuestionQuestion: Is bioethanol a viable and good solution?Viable: SustainableGood: Increases net social welfareTermi...
Supply Side Approach (MyArgument)                                           S’   S Bioethanol is another industry and has...
Demand Side Approach (Consensus)Bioethanol increases demands for          Scertain cropsAgricultural food suppliers also...
What does this result in?Higher Food PricesLower Gas Prices (My Argument)Evidence? Food Crisis of 2008    GFRP
Is this worth it?Do the social costs of pollution offset the resulting costs of bioethanol?What are the alternatives?
Questions?
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Bioethanol lecture

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Transcript of "Bioethanol lecture"

  1. 1. Energy: BioethanolLECTURE ON THE ECONOMICS OF ENERGY
  2. 2. Why does Energy matter?National Security IssuesContinued decline in energy reserves
  3. 3. What actions have been taken?Incentive building for alternative fuelsCreation of alternative fuelsModel Redesign
  4. 4. What fuels are currently available?BiodieselEthanolElectricityHydrogenNatural GasPropane
  5. 5. Costs of Biodiesel
  6. 6. Costs of Ethanol
  7. 7. Costs of Electric Cars:
  8. 8. Costs of Hydrogen
  9. 9. BioethanolWhat is Bioethanol?
  10. 10. Current Ethanol RegulationClean Air Act 1977 Amendments 1990 AmendmentsFuel Additive and Fuel Registration E15 RegistrationE10 RegulationE15 Regulation
  11. 11. Offsetting CostsNet Gain in Consumer Welfare (Assumed)Incentives (Federal Incentives)
  12. 12. Additional Costs: Agricultural IssueInterconnectedness of Food Market and Fuel Market Raises costs of crops Commonly seen as a demand issue
  13. 13. My QuestionQuestion: Is bioethanol a viable and good solution?Viable: SustainableGood: Increases net social welfareTerminology:HectareLand Grabs
  14. 14. Supply Side Approach (MyArgument) S’ S Bioethanol is another industry and has different costs. The supply curve is also the marginal cost curve of an industry Incentives for Land Grabs by ethanol corporations Land Grabs reduce supply of land for agricultural purposes D
  15. 15. Demand Side Approach (Consensus)Bioethanol increases demands for Scertain cropsAgricultural food suppliers also supplyfuel industries with cropsNo division in suppliers betweenmarkets, entirely a demand issue. D D’
  16. 16. What does this result in?Higher Food PricesLower Gas Prices (My Argument)Evidence? Food Crisis of 2008  GFRP
  17. 17. Is this worth it?Do the social costs of pollution offset the resulting costs of bioethanol?What are the alternatives?
  18. 18. Questions?
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