Bioeconomy Scenario Analysis

Abstract

The Bioeconomy Scenario Analysis (BSA) project uses systems thinking and analysis to assess how techno economics, research and development, deployment strategies, policy, and market conditions affect the potential development trajectories of the developing bioenergy industry. This project informs researchers, decision makers, and industry by identifying opportunities for and constraints to industrial development and quantifying important industry metrics (e.g., energy, economic, environmental) towards a sustainable domestic bioenergy system. One of the tools used in this project, the Bioenergy Scenario Model (BSM) is a publicly-available, unique, validated, state-of-the-art, award-winning, fourth-generation model of the domestic biofuels supply chain which explicitly focuses on how and under what conditions biofuel technologies might be deployed to contribute to the U.S. transportation energy sector. Analysis products from this effort enable the development of the bioenergy industry by (1) encouraging policy-makers to explore multiple levers simulating outside impacts on biofuels production, identifying policy actions; (2) improving industry's understanding of growth potential under different market conditions, better targeting their development efforts; and (3) providing universities and other interested stakeholders with analysis tools and analyses that can be adapted to meet research and teaching objectives, thus connecting students with careers that build the industry.