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The Long-Term Prospects of Biofuels in the EU-15 Countries
Energy Economics Group, Vienna University of Technology, Gusshausstrasse 25-29/370-3, Vienna 1040, Austria
Joanneum Research, Elisabethstrasse 5, Graz 8010, Austria
* Author to whom correspondence should be addressed.
Received: 18 June 2012; in revised form: 9 August 2012 / Accepted: 13 August 2012 / Published: 17 August 2012
Abstract: The core objective of this paper is to analyze the energy and CO2 reduction potentials as well as the market prospects of biofuels in EU-15 in a dynamic framework till 2050. The most important result of this analysis is that 2nd generation biofuels might become economically competitive between 2020 and 2030, yet this can only be achieved if the following preconditions are fulfilled: (1) achievement of significant learning effects leading to considerably lower plant costs; (2) significant improvement of conversion efficiency from feedstock to fuel leading to lower feedstock costs and better ecological performance; (3) increases in conventional diesel and gasoline prices, e.g., due to CO2 based taxes.
Keywords: biofuels; potentials; economics; CO2 emissions; EU-15
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MDPI and ACS Style
Ajanovic, A.; Jungmeier, G.; Beermann, M.; Haas, R. The Long-Term Prospects of Biofuels in the EU-15 Countries. Energies 2012, 5, 3110-3125.
Ajanovic A, Jungmeier G, Beermann M, Haas R. The Long-Term Prospects of Biofuels in the EU-15 Countries. Energies. 2012; 5(8):3110-3125.
Ajanovic, Amela; Jungmeier, Gerfried; Beermann, Martin; Haas, Reinhard. 2012. "The Long-Term Prospects of Biofuels in the EU-15 Countries." Energies 5, no. 8: 3110-3125.