In this paper, we analyse the impact of political economy factors on the production of bioenergy. We theoretically and empirically show that the quality of governance and environmental policy stringency instruments promote the development of bioenergy production. We also find that the factors...

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...