Abstract
Projected economic benefits of renewable energy derived from a native prairie grass, switchgrass, include nonmarket values that can reduce net fuel costs to near zero. At a farm gate price of $44.00/dry Mg, an agricultural sector model predicts higher profits for switchgrass than conventional crops on 16.9 million hectares (ha). Benefits would include an annual increase of $6 billion in net farm returns, a $1.86 billion reduction in government subsidies, and displacement of 44-159 Tg/year (1 Tg = 1012 g) of greenhouse gas emissions. Incorporating these values into the pricing structure for switchgrass bioenergy could accelerate commercialization and provide net benefits to the U.S. economy.
Original language | English |
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Pages (from-to) | 2122-2129 |
Number of pages | 8 |
Journal | Environmental Science and Technology |
Volume | 36 |
Issue number | 10 |
DOIs | |
State | Published - May 15 2002 |
Externally published | Yes |