The Keys to Clean Energy Technology: Impact of Environmental Taxes on Biofuel Production and Consumption

Yuriy Bilan (), Yaryna Samusevych, Serhiy Lyeonov, Marcin Strzelec and Iryna Tenytska
Additional contact information
Yuriy Bilan: Faculty of Management, Rzeszow University of Technology, 35-959 Rzeszów, Poland
Yaryna Samusevych: Department of Accounting and Taxation, Sumy State University, 40-000 Sumy, Ukraine
Serhiy Lyeonov: Faculty of Management and Security Studies, University of Social Sciences, 90-113 Lodz, Poland
Marcin Strzelec: Academy of Justice, 02-520 Warsaw, Poland
Iryna Tenytska: Department of Accounting and Taxation, Sumy State University, 40-000 Sumy, Ukraine

Energies, 2022, vol. 15, issue 24, 1-22

Abstract: The growing level of modern environmental problems and the need to ensure energy security creates new challenges for the development of the energy sector. Nowadays, countries must balance their international competitiveness and progress in achievement the Sustainable Development Goals. This provides a necessity for the development of alternative energy technologies. Modern trends in the development of alternative energy indicate a gradual increase in the relevance of biofuel production. At the same time, the development of clean energy technologies needs significant investments, and their commercial implementation is a long process. Moreover, energy industry transformations require significant changes in the functioning of complementary spheres. That makes necessary the use of additional incentives for the development of the bioenergy sector. Thus, an assessment of the impact of environmental taxes on biofuel production and consumption becomes crucial. This research is aimed at the identification of contextual and causal relationships between environmental taxation (transport and energy taxes) and biofuel production and consumption. Contextual links were identified by the methods of bibliometric analysis (VOSviewer and Google Books Ngram Viewer results), while causal links were determined by the methods of panel regression modeling (panel-corrected standard errors model) with a time lag from 0 to 4 years. A sample of nine European countries (Austria, France, Germany, Hungary, Italy, The Netherlands, Poland, Spain, U.K.) was formed for the assessment. The research period includes 2010–2020. The conducted bibliometric analysis proved the presence of a wide range of relationships between environmental taxation and the development of the bioenergy industry. Panel regression modeling proved the existence of a significant impact of environmental taxation on the volumes of biofuel production and consumption. The increase in revenues from transport and energy taxes determines the growth in indicators of biofuel production and consumption. Such effects are medium term for transport taxes and short term for energy taxes. These results made a huge contribution in the development of the system of state regulation methods of alternative energy stimulation and energy production and consumption transformations.

Keywords: biofuels; environmental taxes; biobased economy; green consumption; energy security; renewable energy; biodiesel; ethanol; transport tax; energy tax (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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