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From rise in B to fall in C? Global environmental impacts of biofuels

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

No 182804, 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia from European Association of Agricultural Economists

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 (elasticity 0.57). 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: Environmental; Economics; and; Policy (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ene and nep-env
Date: 2014-08
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http://ageconsearch.umn.edu/record/182804/files/Pi ... al_impacts-244_a.pdf (application/pdf)

Related works:
Journal Article: From a rise in B to a fall in C? SVAR analysis of environmental impact of biofuels (2015) Downloads
Working Paper: From a rise in B to a fall in C? SVAR analysis of environmental impact of biofuels (2015) Downloads
Working Paper: From a rise in B to a fall in C? SVAR analysis of environmental impact of biofuels (2015) Downloads
Working Paper: From a rise in B to a fall in C? SVAR analysis of environmental impact of biofuels (2015) Downloads
Working Paper: From a rise in B to a fall in C? Environmental impact of biofuels (2014) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaae14:182804

DOI: 10.22004/ag.econ.182804

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