Piroli, Giuseppe; Rajcaniova, Miroslava; Ciaian, Pavel; … - 2014
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 …