Assessing the role of renewable energy policies in landfill gas to energy projects

Methane (CH4) is the second most prevalent greenhouse gas and has a global warming potential at least 28 times as high as carbon dioxide (CO2). In the United States, Municipal Solid Waste (MSW) landfills are reported to be the third-largest source of human-made methane emissions, responsible for 18%...

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Veröffentlicht in:Energy economics 2015-05, Vol.49, p.687-697
Hauptverfasser: Li, Shanjun, Yoo, Han Kyul, Macauley, Molly, Palmer, Karen, Shih, Jhih-Shyang
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container_end_page 697
container_issue
container_start_page 687
container_title Energy economics
container_volume 49
creator Li, Shanjun
Yoo, Han Kyul
Macauley, Molly
Palmer, Karen
Shih, Jhih-Shyang
description Methane (CH4) is the second most prevalent greenhouse gas and has a global warming potential at least 28 times as high as carbon dioxide (CO2). In the United States, Municipal Solid Waste (MSW) landfills are reported to be the third-largest source of human-made methane emissions, responsible for 18% of methane emissions in 2011. Capturing landfill gas (LFG) for use as an energy source for electricity or heat produces alternative energy as well as environmental benefits. A host of federal and state policies encourage the development of landfill gas to energy (LFGE) projects. This research provides the first systematic economic assessment of the role of these policies on adoption decisions. Results suggest that Renewable Portfolio Standards and investment tax credits have contributed to the development of these projects, accounting for 13 of 277 projects during our data period from 1991 to 2010. These policy-induced projects lead to 10.4 MMTCO2e reductions in greenhouse gas emissions and a net benefit of $41.8 million. •Examine the role of renewable energy policies in landfill gas to energy projects•Renewable Portfolio Standards and investment tax credit had impacts.•Investment tax credit policy is cost-effectiveness in promoting these projects.•Policy-induced projects lead to significant environmental benefits.
doi_str_mv 10.1016/j.eneco.2015.03.022
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In the United States, Municipal Solid Waste (MSW) landfills are reported to be the third-largest source of human-made methane emissions, responsible for 18% of methane emissions in 2011. Capturing landfill gas (LFG) for use as an energy source for electricity or heat produces alternative energy as well as environmental benefits. A host of federal and state policies encourage the development of landfill gas to energy (LFGE) projects. This research provides the first systematic economic assessment of the role of these policies on adoption decisions. Results suggest that Renewable Portfolio Standards and investment tax credits have contributed to the development of these projects, accounting for 13 of 277 projects during our data period from 1991 to 2010. 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source Elsevier ScienceDirect Journals Complete - AutoHoldings; PAIS Index
subjects Accounting
Air pollution
Alternative energy
Alternative energy sources
Benefits
Carbon dioxide
Carbon emissions
Climate change
Decision analysis
Emission standards
Emissions
Emissions control
Energy economics
Energy policy
Global warming
Greenhouse effect
Greenhouse gases
Investment tax credit
Investments
Landfill
Landfill methane
Landfills
Methane
Municipal solid waste
Renewable energy
Renewable energy sources
Renewable Portfolio Standards
State policies
Studies
Tax credits
Taxation
United States
Waste disposal sites
title Assessing the role of renewable energy policies in landfill gas to energy projects
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