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Economic Evaluation of Bioenergy Production from Bio-based plants in Germany: Implications for the bioeconomy?

机译:德国基于生物的植物生产生物能源的经济评估:对生物经济的影响?

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The production of bioenergy from plant sources has been an emerging issue in the global bioeconomy. This is as a result of the depletion of fossil fuel sources and its high adverse effects on the environment as the main source of conventional energy. Biobased products from fruit trees and crops have been thought and proven to play an important role in supplying future bioenergy and contributing to the achievement of some sustainable development goals. Many studies have focused on this novel technology without focusing on the economic aspect of it. In a bid to build and improve on literature, this study sought to economically evaluate the production of bioenergy from biomass using robust and standard profitability measures like the net present value (NPV), internal rate of return (IRR) and the payback period (PBP). Data was obtained through expert interviews from the Klein-Altendorf project site in Bonn, Germany. A business as usual scenario and a carbon avoidance scenario were investigated to ascertain the economic viability of this sustainable activity. Results in the business as usual scenario showed the process as a non-profitable venture. However, based on the carbon avoidance scenario, we argued that the project is economically viable especially in terms of carbon avoidance which reduces emissions and goes a long way to protect the environment. These social benefits obtained make the investment worthy. The greatest constraint and cost come from establishing such initiatives. The study found initial investment costs to be very high. Moreover, bioenergy produced is valued at the same price like energy produced from fossil fuels despite its numerous benefits to the environment. The results recommend to policy the maintenance of such initiatives as they have a big role to play in the global bioeconomy. In addition, other countries should join Germany in supporting this initiative by subsidising producers of bioenergy. This is justifiable and arguably the reason for Germany’s global recognition in bioeconomic issues.
机译:从植物来源生产生物能源已成为全球生物经济中的一个新兴问题。这是由于化石燃料源的枯竭及其对作为常规能源主要来源的环境的严重不利影响。人们已经认为,果树和农作物的生物基产品在提供未来生物能源和促进实现某些可持续发展目标方面发挥着重要作用。许多研究都集中在这种新技术上,而没有关注它的经济方面。为了建立和完善文献,本研究试图使用稳健且标准的获利能力指标,例如净现值(NPV),内部收益率(IRR)和投资回收期(PBP),经济地评估生物质生产生物能源的能力。 )。数据是通过德国波恩的Klein-Altendorf项目现场的专家访谈获得的。调查了“一切照旧”方案和“避免碳排放”方案,以确定这种可持续活动的经济可行性。照常营业的场景中的结果表明该过程是非盈利性的。但是,基于碳减排方案,我们认为该项目在经济上是可行的,尤其是在碳减排方面,这可以减少排放并为保护环境走了很长一段路。获得的这些社会效益使投资值得。最大的限制和成本来自建立这样的计划。研究发现初始投资成本很高。而且,尽管产生的生物能源对环境有许多好处,但其价格却与化石燃料产生的能源相同。结果建议采取政策维护此类举措,因为它们在全球生物经济中发挥着重要作用。此外,其他国家也应与德国一道,通过补贴生物能源生产商来支持这一倡议。这是有道理的,可以说是德国在生物经济问题上获得全球认可的原因。

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