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CC BY V4.0, Open Access
Journal article
Economic Analysis of Developing a Sustainable Aviation Fuel Supply Chain Incorporating With Carbon Credits: A Case Study of the Memphis International Airport
Frontiers in energy research, Vol.9
12/09/2021
Handle:
https://hdl.handle.net/2376/118514
Appears in Aviation Sustainability Center (ASCENT)
Abstract
Sustainable aviation fuel (SAF) has been considered as a potential means to mitigate greenhouse gas (GHG) emissions from the aviation sector, which is projected to continuously expand. This study examines the impact of developing a SAF sector along with carbon credits on carbon equivalent emissions from aviation using a Stackelberg leader-follower model that accounts for economic interaction between SAF processor and feedstock producers. The modeling framework is applied to an ex-ante optimization of commercial scale SAF production for the Memphis International Airport from the switchgrass-based alcohol-to-jet pathway. Results suggest that supplying 136 million gallons of SAF to the Memphis International Airport annually could reduce 62.5% of GHG emissions compared to conventional jet fuel (CJF). Incorporating with carbon credits, SAF could lower GHG emissions by about 65% in total from displacing CJF and generate additional welfare gains ranging between $12 and $51 million annually compared to the case without carbon credits. In addition, sensitivity analysis suggests advancing SAF conversion rate from biomass could lower the SAF break-even considerably and enhance the competitiveness of SAF over CJF.
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Details
- Title
- Economic Analysis of Developing a Sustainable Aviation Fuel Supply Chain Incorporating With Carbon Credits: A Case Study of the Memphis International Airport
- Creators
- Bijay P. Sharma - Univ Illinois, Inst Sustainabil Energy & Environm, Urbana, IL 61801 USAT. Edward Yu - Univ Tennessee, Dept Agr & Resource Econ, Knoxville, TN 37996 USABurton C. English - Univ Tennessee, Dept Agr & Resource Econ, Knoxville, TN 37996 USAChristopher N. Boyer - Univ Tennessee, Dept Agr & Resource Econ, Knoxville, TN 37996 USA
- Publication Details
- Frontiers in energy research, Vol.9
- Academic Unit
- Aviation Sustainability Center (ASCENT); Alternative Jet Fuel
- Publisher
- Frontiers Media Sa
- Number of pages
- 15
- Grants
- 13-C-AJFF-UTenn-005, Federal Aviation Administration (United States, Washington) - FAA
- Grant note
- 13-C-AJFEUTENN-Amd 5 / US Federal Aviation Administration (FAA) Office of Environment and Energy
- Identifiers
- 99900898130801842
- Language
- English
- Resource Type
- Journal article