Financial sustainability of biogas technology: Barriers, Opportunities, and Solutions

Yousuf, Abu and Khan, Maksudur R. and Pirozzi, Domenico and Zularisam, A. W. (2016) Financial sustainability of biogas technology: Barriers, Opportunities, and Solutions. Energy Sources, Part B: Economics, Planning, and Policy , 11 (9). pp. 841-848. ISSN 1556-7249 (Print); 1556-7257 (Online). (Published)

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Biogas technology, which converts biological waste into energy, is considered as an excellent tool to improve the lives, livelihoods, health, and ecosystem. The demand and prospect of biogas technology as a renewable energy source in terms of market value have not been adequately addressed, although it offers a large revenue opportunity that supports the socioeconomic development in rural areas. For more sustainable development of this technology, policy-makers should reform the existing institutional framework by reorganizing subsidies, motivating and attracting investors with flexible financial conditions, liberalizing the management of gas grids, and involving farmers in local projects. Therefore, it is a great challenge to find a proper mode of marketing policy, business models, and multi-profit options and a sustainable financing mechanism. This paper covers the state-of-the-art enlargements and future consequences of the hastily emerging biogas market, starting with a universal viewpoint and going through special market characteristics of Europe, USA, Africa, and Asia Pacific.

Item Type: Article
Uncontrolled Keywords: Biogas market barriers and solutions, biogas market opportunities, biogas technology, economic viability
Subjects: H Social Sciences > HG Finance
T Technology > TP Chemical technology
Faculty/Division: Faculty of Engineering Technology
Depositing User: Dr. Abu Yousuf
Date Deposited: 10 Apr 2017 02:12
Last Modified: 16 Jan 2018 03:27
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