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Title: Socioeconomic indicators for sustainable design and commercial development of algal biofuel systems

Journal Article · · Global Change Biology. Bioenergy
DOI:https://doi.org/10.1111/gcbb.12359· OSTI ID:1252523
 [1];  [1];  [1]
  1. Center for BioEnergy Sustainability Environmental Sciences Division Oak Ridge National Laboratory PO Box 2008 Oak Ridge TN 37831 USA

Abstract Social and economic indicators can be used to support design of sustainable energy systems. Indicators representing categories of social well‐being, energy security, external trade, profitability, resource conservation, and social acceptability have not yet been measured in published sustainability assessments for commercial algal biofuel facilities. We review socioeconomic indicators that have been modeled at the commercial scale or measured at the pilot or laboratory scale, as well as factors that affect them, and discuss additional indicators that should be measured during commercialization to form a more complete picture of socioeconomic sustainability of algal biofuels. Indicators estimated in the scientific literature include the profitability indicators, return on investment (ROI) and net present value (NPV), and the resource conservation indicator, fossil energy return on investment (EROI). These modeled indicators have clear sustainability targets and have been used to design sustainable algal biofuel systems. Factors affecting ROI, NPV, and EROI include infrastructure, process choices, and financial assumptions. The food security indicator, percent change in food price volatility , is probably zero where agricultural lands are not used for production of algae‐based biofuels; however, food‐related coproducts from algae could enhance food security. The energy security indicators energy security premium and fuel price volatility and external trade indicators terms of trade and trade volume cannot be projected into the future with accuracy prior to commercialization. Together with environmental sustainability indicators, the use of a suite of socioeconomic sustainability indicators should contribute to progress toward sustainability of algal biofuels.

Research Organization:
Oak Ridge National Laboratory (ORNL), Oak Ridge, TN (United States)
Sponsoring Organization:
USDOE Office of Energy Efficiency and Renewable Energy (EERE)
Grant/Contract Number:
AC05-00OR22725
OSTI ID:
1252523
Alternate ID(s):
OSTI ID: 1252524; OSTI ID: 1260069
Journal Information:
Global Change Biology. Bioenergy, Journal Name: Global Change Biology. Bioenergy Vol. 9 Journal Issue: 6; ISSN 1757-1693
Publisher:
Wiley-BlackwellCopyright Statement
Country of Publication:
United Kingdom
Language:
English
Citation Metrics:
Cited by: 26 works
Citation information provided by
Web of Science

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