Abstract: Although wind, hydro and solar are the most discussed sources of renewable energy, countries will need to rely much more on biomass if they are to meet renewable energy targets. In this study, a global forest trade model is used to examine the global effects of expanded demand for wood pellets fired with coal in power plants. Positive mathematical programming is used to calibrate the model to 2011 bilateral trade flows. To assess the impact of increased demand for wood pellets on global forest products, we consider a scenario where demand for w...
(read more)
Topics: 
Natural resource economics