EconPapers    
Economics at your fingertips  
 

From a rise in B to a fall in C? Environmental impact of biofuels

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

No EERI RP 2014/01, EERI Research Paper Series from Economics and Econometrics Research Institute (EERI), Brussels

Abstract: This is the first paper that econometrically estimates the impact of the rising Bioenergy production on the global CO2 emissions. We apply a structural vector autoregression (SVAR) approach to time series with annual observation for the world biofuel production and global CO2 emissions from 1961 to 2009. 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: Biofuels; C02 emissions; environmental impact; SVAR. (search for similar items in EconPapers)
JEL-codes: C14 C22 C51 D58 Q11 Q13 Q42 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr, nep-ene, nep-env and nep-sog
Date: 2014-01-01
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.eeri.eu/documents/wp/EERI_RP_2014_01.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 rise in B to fall in C? Global environmental impacts of biofuels (2014) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eei:rpaper:eeri_rp_2014_01

Access Statistics for this paper

More papers in EERI Research Paper Series from Economics and Econometrics Research Institute (EERI), Brussels Contact information at EDIRC.
Bibliographic data for series maintained by Julia van Hove ().

 
Page updated 2019-07-22
Handle: RePEc:eei:rpaper:eeri_rp_2014_01