Economic and policy issues in the production of algae-based biofuels: A review

Doshi, Amar, Pascoe, Sean, Coglan, Louisa, & Rainey, Thomas J. (2016) Economic and policy issues in the production of algae-based biofuels: A review. Renewable and sustainable energy reviews, 64, pp. 329-337.

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Despite the initial environmental and supply benefits associated with conventional biofuels leading to substantial policy support, research has indicated that these benefits might have been overly optimistic. Negative externalities associated with food and resource allocation have also resulted in an increasing scepticism about the long-term potential of transitioning to biofuels. This review presents the economic benefits and costs surrounding conventional biofuels and suggests the need for further development of a third-generation feedstock based on algae. The article provides guidance on the potential for a policy framework for supporting microalgae as a source of biofuels given the numerous associated positive externalities.

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ID Code: 96744
Item Type: Journal Article
Refereed: Yes
Keywords: Biodiesel, Microalgae, Policy, Technoeconomics, Biofuels, Externalities, Opportunity costs, Macroalgae
DOI: 10.1016/j.rser.2016.06.027
ISSN: 1364-0321
Subjects: Australian and New Zealand Standard Research Classification > ENGINEERING (090000) > CHEMICAL ENGINEERING (090400)
Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > APPLIED ECONOMICS (140200)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Chemistry, Physics & Mechanical Engineering
Current > QUT Faculties and Divisions > Science & Engineering Faculty
Current > Schools > School of Economics & Finance
Copyright Owner: Copyright 2016 Elsevier Ltd.
Deposited On: 10 Jul 2016 23:57
Last Modified: 17 Jul 2016 04:31

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