Sunday, June 12, 2011

Katter Krude Ekonomiks

Productivity assessment of the cost of biofuels such as ethanol, espoused by Bob Katter, as a carbon abatement policy:

"In summary, while the results for biofuels vary, and are particularly sensitive to assumptions about life-cycle emissions  intensities, most biofuel policies are high-cost means of achieving abatement.  The cost per tonne of abatement — as measured by the implicit abatement subsidy — was typically A$300–600/t CO2 and possibly as high as A$800/t CO2."

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