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In: Statistics and Probability

At the moment gasoline costs $0.74/liter in the US, and optimistic estimates of biobutanol costs are...

At the moment gasoline costs $0.74/liter in the US, and optimistic estimates of biobutanol costs are around $1.3399999999999999/liter. For greenhouse gas emissions, we’ll need to use lifecycle estimates that account for emissions at all stages of production and use, since biofuels lead to emissions from cars but involve negative emissions when plants used to make fuels absorb CO2. Lifecycle estimates of gasoline are 3.3 kg CO2e/liter; lifecycle estimates of biobutanol have substantial uncertainty, but 1.7 kg CO2e/liter is a good central estimate. As with most alcoholic biofuels, biobutanol is less energy-dense than gasoline, 30 MJ/liter as opposed to gasoline’s 35 MJ/liter.
Give the cost of mitigation in $/tCO2e.

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