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The forest-based bioeconomy in Latvia: economic and environmental importance

Author

Listed:
  • Tetere, Vineta
  • Peerlings, Jack
  • Dries, Liesbeth

Abstract

The bioeconomy is considered a means to achieving a climate-neutral economy as aimed for in the EU Green Deal. For Latvia, the forest-based bioeconomy has the potential to contribute to this aim. An operational definition of the forest-based bioeconomy is needed to calculate its size. This research aims to provide such a definition and to determine the contribution of the forest-based bioeconomy to GDP, employment, and greenhouse gas emissions. The direct and indirect contribution of the forest-based bioeconomy to economic indicators and climate change is identified using an input-output model. The results of the model show that the forest-based bioeconomy contributes 6.4% to GDP and 6.6% to total employment in Latvia. The contribution to greenhouse gas emissions is 4.9%. Furthermore, if CO2 sequestration is included, the forest-based bioeconomy becomes climate neutral.

Suggested Citation

  • Tetere, Vineta & Peerlings, Jack & Dries, Liesbeth, 2023. "The forest-based bioeconomy in Latvia: economic and environmental importance," Bio-based and Applied Economics Journal, Italian Association of Agricultural and Applied Economics (AIEAA), vol. 12(4), December.
    • Handle: RePEc:ags:aieabj:347567
    DOI: 10.22004/ag.econ.347567
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    References listed on IDEAS

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