ECON2101 - Cost Benefit Analysis Case Study - Pongamia

Assignment Task

Background

The Queensland Government has committed to achieving net-zero emissions by 2050, with an interim target to reduce emissions by 30?low 2005 levels by 2030. Specifically, Queensland possesses abundant resources suitable for diverse renewable energy sources, including extensive land wealth that benefits the agricultural sector. The Government aims to focus on renewable energy to offset CO2 emissions and aims to produce 80% of its energy from renewable sources by 2035.. This policy has attracted investors to explore potential investments in producing renewable energy from the agriculture sector, including biodiesel feedstock from Pongamia.

Pongamia is a native tree species in Queensland that presents an opportunity for sustainable and lower-emission production as an alternative to non-renewable transport fuels. BioHarvest Energy is a new renewable energy company that is considering investing in Pongamia to produce biodiesel feedstock in Queensland.

To assist in evaluating the investment, BioHarvest Energy has asked you to provide a cost-benefit analysis (CBA) to determine the feasibility of the project. This project aims to offset CO2 emissions in support of the Queensland Government's policy of achieving net-zero emissions by 2050. BioHarvest Energy is expected to commence production in 2024 and will operate for 20 years. The initial capital investment is scheduled for 2023. In your report to BioHarvest Energy, you will need to discuss the results from the Investor, Social, and Disaggregated analyses. You will also need to consider any relevant literature or reports on the evaluation of the external benefits of Pongamia biodiesel as part of the renewable energy program for the government and local communities.

Written Report Group 

Using your results from Part 1 of the case study, write a comprehensive report analysing the results of your CBA. In your report ensure you:

1) Provide professional recommendations to the investors whether they should invest money in Pongamia biodiesel program. You are expected to research relevant literature of Pongamia.

2) Identify considerations for your analysis or any alternative approaches that would improve on the current format of the CBA. 

Reflective Assessment 

Critically reflect on the CBA task from the Case Study. In your answer,

1) Determine and establish the relevance and authenticity of the case study task as part of your development in a professional context.

2) Reflect on your individual challenges or challenges faced as part of a group.

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