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Recent Developments in Renewable Technologies: R&D Investment in Advanced Biofuels

Author

Listed:
  • Deepak Rajagopal
  • Steve Sexton
  • Gal Hochman
  • David Zilberman

    (Energy and Resources Group, University of California, Berkeley, California 94720
    Department of Agricultural and Resource Economics, University of California, Berkeley, California 94720)

Abstract

Investment in renewable energy, both in research and development and in commercial production, has risen significantly during the current decade. Although a variety of different renewable sources have been targeted for expansion, biomass technologies, especially those for converting biomass to liquid biofuels for transportation, have cornered a large share of the new investments. Cutting-edge knowledge in genomics and biotechnology, process chemistry, and engineering is being applied to produce new types of energy feedstock and process them into novel biofuels. If these investments bear fruit, liquid biofuels have the potential to displace a substantial amount of oil over the next few decades, with limited negative impact on food supply and the natural habitat. Energy-security and food-security constraints and environmental considerations will determine which technologies emerge as winners. The search for new transportation fuels is also giving rise to the development of new paradigms in innovation, commercialization, and regulation.

Suggested Citation

  • Deepak Rajagopal & Steve Sexton & Gal Hochman & David Zilberman, 2009. "Recent Developments in Renewable Technologies: R&D Investment in Advanced Biofuels," Annual Review of Resource Economics, Annual Reviews, vol. 1(1), pages 621-644, September.
    • Handle: RePEc:anr:reseco:v:1:y:2009:p:621-644
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    File URL: http://www.annualreviews.org/doi/abs/10.1146/annurev.resource.050708.144259
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    Citations

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    Cited by:

    1. Kym Anderson & Gordon Rausser & Johan Swinnen, 2013. "Political Economy of Public Policies: Insights from Distortions to Agricultural and Food Markets," Journal of Economic Literature, American Economic Association, vol. 51(2), pages 423-477, June.
    2. Fuglie, Keith O. & Heisey, Paul W. & King, John L. & Day-Rubenstein, Kelly A. & Schimmelpfennig, David E. & Wang, Sun Ling, 2011. "Research Investments and Market Structure in the Food Processing, Agricultural Input, and Biofuel Industries Worldwide," Economic Research Report 120324, United States Department of Agriculture, Economic Research Service.
    3. Eggert, Håkan & Greaker, Mads & Potter, Emily, 2011. "Policies for Second Generation Biofuels: Current status and future challenges," Working Papers in Economics 501, University of Gothenburg, Department of Economics.
    4. Hakan Eggert & Mads Greaker, 2014. "Promoting Second Generation Biofuels: Does the First Generation Pave the Road?," Energies, MDPI, vol. 7(7), pages 1-16, July.
    5. repec:lic:licosd:32312 is not listed on IDEAS
    6. Brathwaite, J. & Horst, S. & Iacobucci, J., 2010. "Maximizing efficiency in the transition to a coal-based economy," Energy Policy, Elsevier, vol. 38(10), pages 6084-6091, October.
    7. Kumar, Ashwani & Sharma, Satyawati, 2011. "Potential non-edible oil resources as biodiesel feedstock: An Indian perspective," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(4), pages 1791-1800, May.

    More about this item

    Keywords

    energy; transportation; innovation; adoption; policy;
    All these keywords.

    JEL classification:

    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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