Effect Of Greenhouse Gas Emissions Trading On
Investment Decisions For Biomass-to-energy
Production
Author(s)
A. Rentizelas, A. Tolis & I. Tatsiopoulos
Abstract
Despite the significant boost that some renewable energy sources have
undergone lately, partly promoted by the favourable EU legislation, biomass
seems to face difficulties in realising its expected share in energy production.
Some major reasons for this are the complexity of a bioenergy system and its
related fuel supply chain, the wide variety of available technologies and most
importantly the low and uncertain financial yield of bioenergy projects. This
paper utilizes an innovative generic methodology for performing investment
analysis in parallel with optimization of the location and the key characteristics
of the biomass-to-energy project. This methodology may serve as a decision
support tool for potential investors and may assist in promoting relevant
investment decisions. The model developed focuses on the holistic optimization
of the design and operational characteristics of a biomass energy conversion
facility, including the discrete phases of biomass logistics, energy conversion
and final energy products supply. The innovative ideas of using multiple biomass
sources as well as employing tri-generation for district energy applications aim at
proposing a more cost-effective system layout for biomass energy exploitation.
In addition to these ideas, the recent issue of emissions trading and its potential
impact on a bioenergy project is investigated in this paper. The analysis
performed concludes that emissions trading is of extremely high importance for
biomass-to-energy projects, as it may prove to be a major revenue stream.
Keywords: emissions trading, optimization, investment analysis, biomass,
biomass supply chain, tri-generation, multi-biomass.
Keywords
emissions trading, optimization, investment analysis, biomass,
biomass supply chain, tri-generation, multi-biomass.
Related Book
Other papers in this volume
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