Investment Decisions and Policy Analysis

This project will inform investment decisions and policy development by integrating economic modelling – designed for decision making under uncertainty – into the biomass energy supply chains.


A major impediment to the growth of the bioenergy sector is the current uncertainty with respect to the reliable supply of sufficiently large quantities of feedstocks to feed processing facilities of sufficient scale. Reducing this uncertainty would help inform future bioenergy policies and private investment decisions.


The overall goal of this research is to construct three models: (i) a feedstock supply model, (ii) a product options model, and (iii) a supply chain model. These models will estimate the amount, location, and costs of cellulosic bioenergy feedstocks available over time, which are sensitive to changes in market prices and yield variability. The information will be valuable to bioenergy producers considering new investments, as well as to policy makers interested in attracting such investments

Publications, Activities, and Awards

  • Can energy crops compete with traditional agriculture? A real options approach to landowner returns
  • Can energy crops compete with traditional agriculture? A real options approach to landowner returns
  • Forestry footprints associated with providing harvesting residues for a lignocellulosic biorefinery in Alberta
  • Growing hybrid poplar in western Canada for use as a biofuel feedstock: A financial analysis of coppice and single-stem management
  • Investment decisions and policy analysis
  • Potential Development of a Second-Generation Ethanol Industry in Alberta: Product Prices, Land Use Change, and Co-production Opportunities
  • Potential Ethanol Biorefinery Sites in Alberta Based on Agricultural Residues
  • Unleasing Canada‚Äôs Biomass Energy Potential
  • Variability of Biofuel Feedstock from Agricultural Residues in Alberta
  • What ethanol prices would induce growers to switch from agriculture to poplar in Alberta?: A multiple options approach