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Energies 2012, 5(8), 3110-3125; doi:10.3390/en5083110

The Long-Term Prospects of Biofuels in the EU-15 Countries

1,* , 2
1 Energy Economics Group, Vienna University of Technology, Gusshausstrasse 25-29/370-3, Vienna 1040, Austria 2 Joanneum Research, Elisabethstrasse 5, Graz 8010, Austria
* Author to whom correspondence should be addressed.
Received: 18 June 2012 / Revised: 9 August 2012 / Accepted: 13 August 2012 / Published: 17 August 2012
(This article belongs to the Special Issue Biomass and Biofuels 2012)
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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 biofuels; potentials; economics; CO2 emissions; EU-15
This is an open access article distributed under the Creative Commons Attribution License (CC BY 3.0).

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Ajanovic, A.; Jungmeier, G.; Beermann, M.; Haas, R. The Long-Term Prospects of Biofuels in the EU-15 Countries. Energies 2012, 5, 3110-3125.

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