Thursday, October 18, 2007
Although the title of this post would lead you to believe that I am only going to address Ethanol in my talk today - that is not the case. I want to provide a framework and some numbers for thinking about the environmental trade-offs associated with different ways of producing biofuels. In the end, however, its - ethanol schmethanol. I did a back of the envelope calculation for the cost of removing one ton of CO2 by subsidizing corn ethanol in the US and it is costing taxpayers about $500 per ton of mitigated emissions of CO2.