Impact of Innovation Initiatives on Renewable Energy Production in Brazil

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Impact of Innovation Initiatives on Renewable Energy Production in Brazil

Impact of Innovation Initiatives on Renewable Energy Production in Brazil

Pages : 770-789

View : 117 | Download : 84

Publication Date : 2025-07-16

Article Type : Research Paper

Abstract :The aim of this study is to investigate the impact of innovation on biofuel production in Brazil, a country that has significant competitive strength in renewable energy production today. In line with the objective of the study, plans, programs, and policies implemented by Brazil to understand its development in biofuel production, as well as innovations that support this process and sustainable competitive strategies, have been examined. After explaining Brazil\\\'s regarding biofuel production, the impact of innovation, noted for its significant impact on sustainable production and competition, on biofuel production has been econometrically tested using time series analysis. The analysis, covering the years 1990-2021, revealed a long-term relationship between biofuel production and innovation indicators. The results from impulse-response functions and variance decomposition analysis showed that government expenditures had the most significant positive effect on biofuel production. Finally, the Toda-Yamamoto causality test was conducted to provide additional insights, revealing that the BC, CO2, and GE variables were Granger causes of biofuel production.
Keywords : Brezilya, Yenilenebilir Enerji, Biyoyakıt Enerjisi, Enerji Üretimi, Enerji Sürdürülebilirliği

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