#41-Biofuels with Marty Luckert

My favorite lecturer, Marty Luckert a resource economics professor from the University of Alberta, came on to discuss the feasibility of biofuels in today's market. Ethanol is a fuel created from organic matter, we mix it into our gasoline and many other uses. If the organic matter being used is sustainable then the ethanol product can be considered carbon neutral as opposed to fossil fuels that releases excess carbon into the atmosphere. We may be able to harness the power of trees and other organic matter to create a more sustainable fuel, although there are still many questions around the economics and science of such a fuel. We discussed how ethanol is made, what it can be made from, how efficient it is, where it may play a role in the future, forest harvest residue vs dedicated ethanol plantations, true market value of fossil fuels, carbon tax, societal values, economic literacy, educating the public, differing values, and much more.