The Importance of Wooden Biomass in the Transition to a Bioeconomy in Latvia
The EU Green Deal advocates decarbonizing the EU’s energy sector, largely by transitioning to renewable sources. Latvia aims to increase renewable energy production by 10% by 2030, prioritizing biomass from forests and wood for bioenergy. This paper evaluates implementing a tax on non-biobased ener...
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| Format: | Article |
| Language: | English |
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Firenze University Press
2025-06-01
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| Series: | Bio-based and Applied Economics |
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| Online Access: | https://oaj.fupress.net/index.php/bae/article/view/16107 |
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| author | Vineta Tetere Jack Peerlings Liesbeth Dries |
| author_facet | Vineta Tetere Jack Peerlings Liesbeth Dries |
| author_sort | Vineta Tetere |
| collection | DOAJ |
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The EU Green Deal advocates decarbonizing the EU’s energy sector, largely by transitioning to renewable sources. Latvia aims to increase renewable energy production by 10% by 2030, prioritizing biomass from forests and wood for bioenergy. This paper evaluates implementing a tax on non-biobased energy alongside a subsidy for biobased energy, particularly wood biomass, to promote its substitution as a step towards climate neutrality and energy self-sufficiency. Additionally, it examines technological advancements in the bioenergy sector. Using an applied general equilibrium model and 2015 supply and use data, the study assumes a nested production structure, enabling explicit substitution between domestic and imported inputs. Given Latvia’s heavy reliance on imported fossil fuels, these measures could lead to an 18% increase in bioenergy production, reducing CO2 emissions by 0.5 - 3.2%, and reducing fossil fuel imports by 1.04 – 3.9%.
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| format | Article |
| id | doaj-art-e26d94a2ecd44e9680f9b5f3c13babed |
| institution | Kabale University |
| issn | 2280-6180 2280-6172 |
| language | English |
| publishDate | 2025-06-01 |
| publisher | Firenze University Press |
| record_format | Article |
| series | Bio-based and Applied Economics |
| spelling | doaj-art-e26d94a2ecd44e9680f9b5f3c13babed2025-08-20T03:27:56ZengFirenze University PressBio-based and Applied Economics2280-61802280-61722025-06-0110.36253/bae-16107The Importance of Wooden Biomass in the Transition to a Bioeconomy in LatviaVineta Tetere0Jack Peerlings1Liesbeth Dries2Wageningen UniversityWageningen UniversityWageningen University The EU Green Deal advocates decarbonizing the EU’s energy sector, largely by transitioning to renewable sources. Latvia aims to increase renewable energy production by 10% by 2030, prioritizing biomass from forests and wood for bioenergy. This paper evaluates implementing a tax on non-biobased energy alongside a subsidy for biobased energy, particularly wood biomass, to promote its substitution as a step towards climate neutrality and energy self-sufficiency. Additionally, it examines technological advancements in the bioenergy sector. Using an applied general equilibrium model and 2015 supply and use data, the study assumes a nested production structure, enabling explicit substitution between domestic and imported inputs. Given Latvia’s heavy reliance on imported fossil fuels, these measures could lead to an 18% increase in bioenergy production, reducing CO2 emissions by 0.5 - 3.2%, and reducing fossil fuel imports by 1.04 – 3.9%. https://oaj.fupress.net/index.php/bae/article/view/16107biobased energynon-biobased energyproduct taxsubsidy |
| spellingShingle | Vineta Tetere Jack Peerlings Liesbeth Dries The Importance of Wooden Biomass in the Transition to a Bioeconomy in Latvia Bio-based and Applied Economics biobased energy non-biobased energy product tax subsidy |
| title | The Importance of Wooden Biomass in the Transition to a Bioeconomy in Latvia |
| title_full | The Importance of Wooden Biomass in the Transition to a Bioeconomy in Latvia |
| title_fullStr | The Importance of Wooden Biomass in the Transition to a Bioeconomy in Latvia |
| title_full_unstemmed | The Importance of Wooden Biomass in the Transition to a Bioeconomy in Latvia |
| title_short | The Importance of Wooden Biomass in the Transition to a Bioeconomy in Latvia |
| title_sort | importance of wooden biomass in the transition to a bioeconomy in latvia |
| topic | biobased energy non-biobased energy product tax subsidy |
| url | https://oaj.fupress.net/index.php/bae/article/view/16107 |
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