Files and links (1)
GCB Bioenergy - 2024 - Garvie - Projecting investment potential of an emerging forest bioeconomy market An EU Australian797.30 kB
Published VersionCC BY V4.0, Open Access
Journal article
Projecting investment potential of an emerging forest bioeconomy market: An EU —Australian benchmarking study
Global Change Biology. Bioenergy, Vol.16(8), pp.1-13
2024
Appears in UniSC Supported Open Access Outputs
Abstract
In emerging markets, investment costs tend to be associated with uncertainty, especially if the investment is policy driven. Globally, nations have agreed to reduce greenhouse gas emissions to keep the temperature increase below 1.5°C by 2100. Australia faces challenges in achieving its Paris Agreement Nationally Determined Contributions and Agenda 2030 commitments, mostly given the extraction profile of its economy. Introducing renewable carbon from forest residues in the niche markets could increase the competitiveness of the forest industry not only in terms of reduced energy costs but also in terms of ‘greening’ the primary product. Growing interest in the bioenergy market, linked with large volumes of available biomass feedstocks including forest residues, presents opportunities in Australia. Yet, ambiguity about costs and concerns about biomass supply throttle the investment potential. This paper aims to estimate a range of forest residue costs along the supply chain for the Australian market by projecting the biomass supply costs from a mature bioenergy market onto it using a benchmarking process reinforced by expert opinion. A three-round Delphi method in which experts indicated direction and range of costs along the forest biomass supply chain revealed that roadside costs of forest residues (other than stumps), and biomass transportation costs, are lower than or equal to and equal to or higher than, the EU costs respectively. Experts ranked investment and supply-side support as priority areas for the development of forest bioenergy in Australia. The expert estimations of forest residue cost ranges along the supply chain offer the first layer for framing a national policy for forest bioenergy within the broader bioeconomy.
Details
- Title
- Projecting investment potential of an emerging forest bioeconomy market: An EU —Australian benchmarking study
- Authors
- Leanda C. Garvie - University of the Sunshine Coast, Queensland, Forest Research InstituteMark Brown - University of the Sunshine Coast, Queensland, Forest Research InstituteDavid J. Lee - University of the Sunshine Coast, Queensland, Forest Research InstituteBiljana Kulišić - Directorate-General for Energy
- Publication details
- Global Change Biology. Bioenergy, Vol.16(8), pp.1-13
- Publisher
- Wiley-Blackwell Publishing Ltd.
- Date published
- 2024
- DOI
- 10.1111/gcbb.13176
- ISSN
- 1757-1707; 1757-1693
- Copyright note
- © 2024 The Author(s). GCB Bioenergy published by John Wiley & Sons Ltd. This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited.
- Data Availability
- The data supporting the findings of this study are available in the Supporting Information of this publication. Additionally, datasets have been deposited in relevant online repositories, accessible through the links provided in the references section.
- Organisation Unit
- School of Business and Creative Industries; Forest Industries Research Centre; Forest Research Institute
- Language
- English
- Record Identifier
- 991048892702621
- Output Type
- Journal article
Metrics
4 File views/ downloads
94 Record Views
InCites Highlights
These are selected metrics from InCites Benchmarking & Analytics tool, related to this output
- Collaboration types
- International collaboration
- Web Of Science research areas
- Agronomy
- Biotechnology & Applied Microbiology
- Energy & Fuels
UN Sustainable Development Goals (SDGs)
This output has contributed to the advancement of the following goals:
Source: InCites