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

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

No JRC95503, JRC Working Papers from Joint Research Centre (Seville site)

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 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: time-series econometrics; biofuels; CO2 emissions; environment; agriculture; indirect land use changes (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 and nep-env
Date: 2015-11
References: View references in EconPapers View complete reference list from CitEc
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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 rise in B to fall in C? Global environmental impacts of biofuels (2014) Downloads
Working Paper: From a rise in B to a fall in C? Environmental impact of biofuels (2014) Downloads
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