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BIO, 2009
U.S. economic impact of advanced biofuels production: Perspectives to 2030
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Biotechnology Industry Organization
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Continuing to build advanced biofuels production capacity can create thousands of new jobs throughout the economy, contributing to U.S. economic growth and increasing energy security. The new report by Bio Economic Research Associates (bio-era™), "U.S. Economic Impact of Advanced Biofuels Production: Perspectives to 2030", analyzes how growth of an advanced biofuels industry will impact four areas critical to U.S. economic recovery, including job creation, economic output, energy security and investment opportunity. To estimate the economic implications of the emergence of this new industry, bio-era conducted a meta-analysis of nearly two dozen studies of economic impacts of biofuels production, developed a model to analyze economic output and job creation, and applied this model to analyze the economic impact of increasing U.S. advanced biofuel production to 21 billion gallons per year by 2022.
Added on 2 March 2009
Figures ::
Economy ::
Society ::
Agriculture ::
Biofuels ::
United States & Canada
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