Biofuel Industry Economic Impacts and Analysis: Reporting the Facts in an Environment of Hype
Presented by: David Swenson, Iowa State University
Host: Mike Jacobson, Penn State, NEWBio
While we often articulate the overall benefits of biofuels development
in the U.S. along lines of environmental improvement coupled with a
vague notion of energy security, most state and regional interest in
biofuels development hinges on one primary outcome: Jobs.
The promises of job creation associated with biofuels expansion have,
however, been significantly less than boosters, politicians, and other
vested interests promised. This session will explain the net
productivity gains to regional economies as a result of ethanol
production, to include the likely net new jobs that were realized for
the state of Iowa, which has the most ethanol refining capacity among
the states, as well as the U.S. total. In addition, and relying on
research on the cellulosic ethanol potential in NY state, this
presentation displays that state's biofuels job potential and uses that
information to impute potential national impacts were the advanced
biofuels mandate of 8 billion gallons met.
The NEWBio Webinar Series
is hosted by Mike Jacobson, Penn State University and eXtension Farm
Energy and held (usually) on the second Tuesday of each month at 1PM
Eastern time, 12 CT, 11 MT, 10 PT. These online, hour-long
presentations are free to the public, and feature important topics
related to bioenergy in the northeast.
Attend the live webinars at https://meeting.psu.edu/bioenergy - sign in as a guest.