Vol. 12 No. 4 (2023)
Full Research Articles

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

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  • Vineta Tetere,
  • Jack Peerlings ,
  • Liesbeth Dries
Vineta Tetere
Wageningen University, the Netherlands, Hollandseweg 1, Wageningen
Jack Peerlings
Wageningen University, the Netherlands, Hollandseweg 1, Wageningen
Liesbeth Dries
Wageningen University, the Netherlands, Hollandseweg 1, Wageningen
DOI: https://doi.org/10.36253/bae-13868

Published 2023-12-31

Keywords

  • forestry,
  • input-output model,
  • value added,
  • employment,
  • greenhouse gas emissions

How to Cite

Tetere, V., Peerlings , J., & Dries , L. (2023). The forest-based bioeconomy in Latvia: economic and environmental importance. Bio-Based and Applied Economics, 12(4), 323–331. https://doi.org/10.36253/bae-13868

Copyright (c) 2023 Vineta Tetere

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Funding data

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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.

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