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Policies based on assumed carbon neutrality fail to address the timing and magnitude of the net greenhouse gas (GHG) changes from using wood for energy. We present a “debt-then-dividend” framework for evaluating the temporal GHG impacts of burning wood for energy. We also present a case study conducted in Massachusetts, USA to demonstrate the framework. Four key inputs are required to calculate the specific shape of the debt-then-dividend curve for a given region or individual biomass facility. First, the biomass feedstock source: the GHG implications of feedstocks differ depending on what would have happened to the material in the absence of biomass energy generation. Second, the form of energy generated: energy technologies have different generation efficiencies and thus different life cycle GHG emissions profiles. Third, the fossil fuel displaced: coal, oil, and natural gas each have different emissions per unit of energy produced. Fourth, the management of the forest: forest management decisions affect recovery rates of carbon from the atmosphere. This framework has broad application for informing the development of renewable energy and climate policies. Most importantly, this debt-then-dividend framework explicitly recognizes that GHG benefits of wood biomass energy will be specific to the forest and technology context of the region or biomass energy projects.
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Walker et al. (2012) studied this question.
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