Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/126504
Authors: 
Ciaian, Pavel
Kancs, d'Artis
Pirolix, Giuseppe
Rajcaniova, Miroslava
Year of Publication: 
2015
Series/Report no.: 
LICOS Discussion Paper Series 371
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. 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.
Subjects: 
SVAR
time-series econometrics
biofuels
C02 emissions
environment
JEL: 
C14
C22
C51
D58
Q11
Q13
Q42
Document Type: 
Working Paper

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