Advances in Decision Sciences

Advances in Decision Sciences / 2006 / Article

Open Access

Volume 2006 |Article ID 081071 | https://doi.org/10.1155/JAMDS/2006/81071

A. Korobeinikov, P. Read, A. Parshotam, J. Lermit, "Modelling key market impacts and land allocation for biofuel production and forestry", Advances in Decision Sciences, vol. 2006, Article ID 081071, 12 pages, 2006. https://doi.org/10.1155/JAMDS/2006/81071

Modelling key market impacts and land allocation for biofuel production and forestry

Received10 Dec 2004
Accepted19 Apr 2005
Published12 Feb 2006

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.

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Copyright © 2006 A. Korobeinikov et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.


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