Arbeitspapier
From a rise in B to a fall in C? SVAR analysis of environmental impact of biofuels
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: LICOS Discussion Paper ; No. 371
- Klassifikation
-
Wirtschaft
Semiparametric and Nonparametric Methods: General
Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
Model Construction and Estimation
Computable and Other Applied General Equilibrium Models
Agriculture: Aggregate Supply and Demand Analysis; Prices
Agricultural Markets and Marketing; Cooperatives; Agribusiness
Alternative Energy Sources
Mathematical Methods
- Thema
-
SVAR
time-series econometrics
biofuels
environment
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Ciaian, Pavel
Kancs, d'Artis
Pirolix, Giuseppe
Rajcaniova, Miroslava
- Ereignis
-
Veröffentlichung
- (wer)
-
Katholieke Universiteit Leuven, LICOS Centre for Institutions and Economic Performance
- (wo)
-
Leuven
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Ciaian, Pavel
- Kancs, d'Artis
- Pirolix, Giuseppe
- Rajcaniova, Miroslava
- Katholieke Universiteit Leuven, LICOS Centre for Institutions and Economic Performance
Entstanden
- 2015
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