Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2018.11.054 |
Linking soy oil demand from the US Renewable Fuel Standard to palm oil expansion through an analysis on vegetable oil price elasticities | |
Santeramo, Fabio Gaetano1; Searle, Stephanie2 | |
2019-04-01 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2019 |
卷号 | 127页码:19-23 |
文章类型 | Article |
语种 | 英语 |
国家 | Italy; USA |
英文摘要 | The United States (US) Renewable Fuel Standard and California's Low Carbon Fuel Standard support the use of soy biodiesel and renewable diesel in the transport fuel supply for climate mitigation. However, linkages between the markets for soy oil and palm oil, which is associated with very high land use change emissions, could negatively affect the climate performance of soy-based biofuels. This study estimates the own and cross-price elasticities for the supply of soy and palm oils in the US using country-level data from 1992 to 2016 under rational expectations, through a seemingly unrelated regressions system of equations. We find a positive cross price elasticity of palm oil import with respect to soy oil price and a positive reaction of supply of soy oil to increase in prices of palm oil. These results suggest that US biofuel policies may underestimate substitution between soy and palm oils and thus overestimate the climate benefits from soy-based biofuel. |
英文关键词 | Biofuel Price elasticity Oils market SURE |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000463688200004 |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/181973 |
专题 | 气候变化 |
作者单位 | 1.Univ Foggia, Via Napoli 25, I-71122 Foggia, Italy; 2.Int Council Clean Transportat, San Francisco, CA USA |
推荐引用方式 GB/T 7714 | Santeramo, Fabio Gaetano,Searle, Stephanie. Linking soy oil demand from the US Renewable Fuel Standard to palm oil expansion through an analysis on vegetable oil price elasticities[J]. ENERGY POLICY,2019,127:19-23. |
APA | Santeramo, Fabio Gaetano,&Searle, Stephanie.(2019).Linking soy oil demand from the US Renewable Fuel Standard to palm oil expansion through an analysis on vegetable oil price elasticities.ENERGY POLICY,127,19-23. |
MLA | Santeramo, Fabio Gaetano,et al."Linking soy oil demand from the US Renewable Fuel Standard to palm oil expansion through an analysis on vegetable oil price elasticities".ENERGY POLICY 127(2019):19-23. |
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