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Latest Posts

AIM/MCRN Summer School: Week 6

August 2, 2020

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AIM/MCRN Summer School: Week 5

July 26, 2020

 [...]

Professor Christopher K.R.T. Jones — Recipient of the 2020 MPE Prize


Professor Chris Jones is the Bill Guthridge Distinguished Professor in Mathematics at the University of North Carolina at Chapel Hill and Director of the Mathematics and Climate Research Network (MCRN). The 2020 MPE Prize recognizes Professor Jones for his many significant contributions to climate science and the mathematics of planet Earth.

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Colloquium or Seminar

E2G Seminar: Energy Security Concerns of Biofuels

General

Speaker: Hamed Ghoddusi

http://www.gerad.ca/fr/activites/seminaire.php?id=912

12/06/12

10:45, Montréal, Québec

GERAD

Abstract

We argue that supply risks, a major energy security indicator, should be considered in addition to previously-proposed metrics for evaluating the performance and scalability potential of transportation biofuels. Biofuels rely on agricultural production as their key input, which is subject to various exogenous shocks. A risky feedstock supply in conjunction with a highly inelastic demand for transportation fuels can cause substantial price fluctuations and quantitative shortages, with negative welfare costs. We provide estimates for the welfare costs of volatile feedstock yields and review possible strategies for risk mitigation. We then discuss the performance of various diversification strategies in reducing the overall riskiness of biofuels.

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