{"id":2948,"date":"2016-03-10T06:16:17","date_gmt":"2016-03-09T23:16:17","guid":{"rendered":"http:\/\/se.dotv.vn\/?p=2948"},"modified":"2017-04-01T06:16:57","modified_gmt":"2017-03-31T23:16:57","slug":"stbi-10-03-2016-comparing-the-social-costs-of-biofuels-and-fossil-fuels-a-case-study-of-vietnam-2","status":"publish","type":"post","link":"https:\/\/se.dotv.vn\/en\/stbi-10-03-2016-comparing-the-social-costs-of-biofuels-and-fossil-fuels-a-case-study-of-vietnam-2\/","title":{"rendered":"[STBI-10-03-2016] Comparing the social costs of biofuels and fossil fuels: A case study of Vietnam"},"content":{"rendered":"
Dr. Le Thanh Loan<\/strong><\/p>\n Hall H.001, Dubai Palace School of Economics Abstract<\/strong><\/p>\n Biofuel substitution for fossil fuels\u00a0has been recommended in the literature and promoted in many countries; however, there are concerns about its economic viability. In this paper we focus on the cost-effectiveness of fuels, i.e., we compare the social costs of biofuels and fossil fuels for a functional unit defined as 1 km of vehicle transportation. We base our empirical results on a case study in Vietnam and compare two biofuels and their alter- native fossil fuels: ethanol and gasoline, and biodiesel and diesel with a focus on the blends of E5 and E10 for ethanol, and B5 and B10 for biodiesel. At the discount rate of 4%, ethanol substitution for gasoline in form of E5 or E10 saves 33% of the social cost of gasoline if the fuel consumption of E5 and E10 is the same as gasoline. The ethanol substitution will be cost-effective if the fuel consumption of E5 and E10, in terms of L km 1, is not exceeding the consumption of gasoline by more than 1.7% and 3.5% for E5 and E10 respectively. The biodiesel substitution would be cost-effective if the fuel consumption of B5 and B10, in terms of L km 1 compared to diesel, would decrease by more than 1.4% and 2.8% for B5 and B10 respectively at the discount rate of 4%.<\/p>\n Download the full paper (English, original version):\u00a0HERE<\/a><\/p>\n
\n11:00 am, Thursday, 10-03-2016<\/p>\n