The National Bioenergy Investment Model is a scenario model that simulates the decisions of domestic and international investors on whether to invest in biofuel enterprises in a developing country. In the model, investors compare the profitability of different biofuel feedstock and fuel operations using a riskadjusted discount rate - taking market, currency, country and sector risks into account. Prices for biofuels and feedstocks are determined in part through exogenous international prices and in part through a dynamic, equilibrium-seeking price adjustment mechanism. The model is intended to be used within a participatory scenario exercise, and can be run interactively.

Authors: Kemp-Benedict, E.

Subjects: bioenergy, trade, biofuels, investment, energy policy, sustainability, climate change, mitigation

Publication type: Paper-UR, Publication

Year: 2012

DOI: https://doi.org/10.17528/cifor/003774