Factor Analysis For Promoting Bioenergy: Lessons From International Experiences For Alberta
Date
2019-05-18
Authors
Kazemipour, Arash
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Abstract
Alberta is a resource abundant province and with more than 38 million hectares
of forest land (more than 60% of the province land), it has a considerable potential
of bioenergy resources. While the annual wood production capacity is 24 million
cubic meters of wood, the province has imported more than 90% of its bioenergy
consumption. This project seeks to identify the main factors that can help promoting
bioenergy industry in Alberta. Econometrics and time series analysis are used to
quantitatively measure the impacts of different factors in facilitating the penetration
of bioenergy technologies within the energy system. Results of the modeling based
on the advances in pioneering countries suggest that availability of bio-resources,
structure of the energy sector and also price of energy are the most decisive factors
that affect the penetration rate of bioenergy. Considering these dominant factors, the
barriers for bioenergy production in Alberta are investigated.
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Keywords
factor analysis, time series analysis, bioenergy potential, bioenergy promoting