Economía de los biocombustibles líquidos

  1. Guerrero Lemus, Ricardo
  2. Marrero, Gustavo A.
  3. Puch, Luis A.
Revue:
Cuadernos económicos de ICE

ISSN: 0210-2633

Année de publication: 2012

Número: 83

Pages: 141-164

Type: Article

DOI: 10.32796/CICE.2012.83.6037 DIALNET GOOGLE SCHOLAR lock_openAccès ouvert editor

D'autres publications dans: Cuadernos económicos de ICE

Résumé

Biofuels have an important role to play in the process of replacing fossil fuels by renewable energies. Two key issues are the increase in energy security and the reduction of greenhouse gas emissions that are expected from that process. In this paper we use economic theory and econometrics to analyze quantitatively these two issues at the aggregate level. On the one hand, we implement efficient portfolio theory to suggest strategies for the diversification of risks associated to transport sector�s fuel inputs. On the other hand, we use growth theory and panel data econometrics to quantify the extent to which biofuels can contribute to mitigation of CO2 emissions. These analyses require an understanding of the state of the technology and the economic environment for biofuels which are both described first.

Références bibliographiques

  • AJANOVIC, A. Y HAAS, R. (2010): «Economic Challenges for the Future Relevance of Biofuels in Transport in EU countries», Energy, 35, pp. 3340-48.
  • ALMEIDA, E.; BOMTEMPO, J. V. Y SILVA, C. (2007): «The Performance of Brazilian Biofuels: An Economic, Environmental and Social Analysis», en Biofuels Linking Sup-port to Performance, oCDE, París.
  • ÁLVAREZ, F.; MARRERO, G. Y PUCH, L. A. (2005): «Air Pollution and the Macroeconomy across European countries», FEDEA, Working Paper 2005-10.
  • ARELLANO,M. Y BOND, S. (1991): «Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations», Review of Economic Studies, 58, pp. 277-297.
  • ARELLANO, M. Y BOVER, O. (1995): «Another look at the instrumental variable estimation of error-components models», Journal of Econometrics, 68, pp. 29-52.
  • ATSUMI, S.; HIGASHIDE, W. Y LIAO, J. C. (2009): Nature Biotech, 27, pp. 1170-77.
  • AWERBUCH, S. (2000): «Investing in photovoltaics: risk, accounting and the value of new technology», Energy Policy, 28 (14), pp. 1023-1035.
  • BLUNDELL, R. Y BOND, S. (1998): «Initial conditions and moment restrictions in dynamic panel data models», Journal of Econometrics, 87 (1), pp. 115-143.
  • BROCK, W. Y TAYLOR, M. S. (2010): «The Green Solow Model», Journal of Eco-nomic Growth, 15 (2), pp. 127-153.
  • FAOSTAT (2007): The State Food and Agriculture – Biofuels, Roma, FAo.
  • GUERRERO, R.; MARRERO, G. A.; MARTÍNEZ-DUART, J. M. Y PUCH, L. A. (2010): Biocombustibles líquidos: Situación actual y oportunidades de futuro para España, Fundación Ideas, DD 19-2010.
  • GUERRERO, R.; MARRERO, G. A. Y PUCH, L. A. (2012): «Costs for conventional and renewable fuels and electricity in the worldwide transport sector: a mean-variance portfolio approach», Energy, en prensa.
  • GONZÁLEZ, R. M. Y MARRERO, G. A. (2012): «The effect of dieselization in road transport emissions: the case of Spanish regions between 1998 and 2006», Energy Policy, forthcoming.
  • HALKOS, G. E. (2003): «Environmental Kuznets Curve for sulphur: evidence using GMM estimation and random coefficient panel data models», Environment and Develo-pment Economics, 8, pp. 581-601.
  • HUANG, B. N.; HWANG, M. J. y YANG, C. W. (2008): «Causal relationship between energy consumption and GDP growth revisited: a dynamic panel data approach», Eco-logical Economics, 67, pp. 41-54
  • IEA: Bioenergy, 2009, 2010.
  • IEA: Energy Technology Perspectives, 2008, 2010.
  • IPCC (1997): Revised 1996 Guidelines for National Greenhouse Gas Inventory», Inter-governmental Panel on Climate Change, véase también 2006.
  • LICHTS, F. o. (2004): World Ethanol and Biofuels Report.
  • LUENBERGUER, D. G. (1998): Investment Science, oxford University Press.
  • MARKOWITZ, H. M. (1952): «Portfolio selection», Journal of Finance, 7 (1), pp. 77-91.
  • MARRERO, G. A. (2010): «Greenhouse gases emissions, growth and the energy mix in Europe», Energy Economics, 32 (6), pp. 1356-1363.
  • MARRERO, G. A. Y RAMOS-REAL, F. J. (2010): «Electricity generation cost in isolated system: the complementarities of natural gas and renewables in the Canary Islands»,Sustainable and Renewable Energy Reviews, 14, pp. 2808-2818.
  • MARRERO, G. A.; PUCH, L. A. Y RAMOS-REAL, F. (2011): «Riesgo y costes en la generación de electricidad», Política Exterior, vol. 1, núm. 1, pp. 136- 149.
  • MENDILUCE, M. y SCHIPPER, L. (2011): «Trends in passenger transport and freight energy use in Spain», Energy Policy, 39, 6466-6475.
  • MERTON, R. C. (1972): «An analytic derivation of the efficient portfolio frontier», The Journal of Finance and Quantitative Analysis, 7, pp. 1851-72.
  • METCALF, G. (2008): «An empirical analysis of energy intensity and its determinants at the state level», The Energy Journal, 29, 1-26.
  • ROQUES, F. A.; NEWBERY, D. M. y NUTTALL, W. J. (2008): «Fuel mix diversification incentives in liberalised electricity markets: A Mean-Variance Portfolio theory approach», Energy Economics, 30, pp. 1831-1849.
  • SCHIPPER, L.; MARIE-LILLIU, C. Y FULTON, L. (2002): «Diesels in Europe. Analysis of Characteristics, usage patterns, energy savings and Co2 emission implications», Journal of Transport Economics and Policy, 36 (2), pp. 305-340.
  • SCHIPPER, L. Y FULTON, L. (2009): «Disappointed by diesel? The impact of the shift to diesels in Wurope through 2006. Transportation Research Record», Journal of Trans-portation Research Board, 2139, pp. 1-10.
  • UNEP (2009): Towards Sustainable Production and Use of Resources: Assessing Biofuels.
  • WORLD BANK (2009): Global Economic Prospects: Commodities at the Crossroads.Washington. DC: World Bank.
  • WU, M. (2009): Comparative Water Use in the Production of Ethanol and Petroleum Gasoline, Energy Systems Division, Argonne National Laboratory.