From a rise in B to a fall in C? SVAR analysis of environmental impact of biofuels

Giuseppe Piroli, Miroslava Rajcaniova, Pavel Ciaian and d'Artis Kancs

Renewable and Sustainable Energy Reviews, 2015, vol. 49, issue C, 921-930

Abstract: This is the first paper that econometrically estimates the impact of rising Bioenergy production on global CO2 emissions. We apply a structural vector autoregression (SVAR) approach to time series from 1961 to 2009 with annual observation for the world biofuel production and global CO2 emissions. We find that in the medium- to long-run biofuels significantly reduce global CO2 emissions: the CO2 emission elasticities with respect to biofuels range between −0.57 and −0.80. In the short-run, however, biofuels may increase CO2 emissions temporarily. Our findings complement those of life-cycle assessment and simulation models. However, by employing a more holistic approach and obtaining more robust estimates of environmental impact of biofuels, our results are particularly valuable for policy makers.

Keywords: SVAR; Time-series econometrics; Biofuels; CO2 emissions; Environment; Indirect land use change (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (7)

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Related works:
Working Paper: From a rise in B to a fall in C? SVAR analysis of environmental impact of biofuels (2015)
Working Paper: From a rise in B to a fall in C? SVAR analysis of environmental impact of biofuels (2015)
Working Paper: From rise in B to fall in C? Global environmental impacts of biofuels (2014)
Working Paper: From a rise in B to a fall in C? Environmental impact of biofuels (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:rensus:v:49:y:2015:i:c:p:921-930

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DOI: 10.1016/j.rser.2015.04.133

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