Impactos do controle do preço da gasolina sobre o etanol biocombustível no Brasil

Costa, Cinthia Cabral da; Burnquist, Heloisa Lee

doi:10.1590/0101-416146418cchb

Cited by 10 publications

(8 citation statements)

References 4 publications

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“…Costa and Burnquist [74] listed different factors that help to understand the four breakpoints in option D. Concerning P 1 , we observe a peak price for the ethanol at the beginning of this period. After, the price tends to reduce pointing the first breakpoint found.…”

Section: Methodsmentioning

confidence: 83%

Ethanol Prices and Agricultural Commodities: An Investigation of Their Relationship

2019

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Brazil is an important player when it comes to biofuel and agricultural production. The knowledge of the price relationship between these markets has increasing importance. This paper adopts several tools, namely the Bai–Perron test of breakpoints, the Johansen cointegration test and the vector error correction model exploited by the orthogonal impulse response and the forecast error variance decomposition, for investigating the price transmission among the ethanol and the main Brazil’s agricultural commodities (sugar, cotton, arabica coffee, robusta coffee, live cattle, corn and soybean). The data series cover the period from January 2011 up to December 2018. The results suggest a stronger price transmission from the ethanol commodity to the agricultural commodities, rather than the opposite situation.

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Section: Methodsmentioning

confidence: 83%

Ethanol Prices and Agricultural Commodities: An Investigation of Their Relationship

2019

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“…An increase in energy prices tends to cause a corresponding increase in ethanol prices, potentially leading to a marginal impact on sugar production. Additionally, the higher deviation can be related to government interference in gasoline prices (Costa & Burnquist, 2016;Palazzi et al, 2022), which directly impacts ethanol price and production, as well as the oligopolistic behavior of the ethanol sector in Brazil. 1 These findings suggest that investors should engage in a dynamic hedging strategy to account for these unique factors in the Brazilian fuel sector.…”

Section: Energymentioning

confidence: 99%

Dynamic connectedness between energy markets and the Brazilian cash market: An empirical analysis pre‐ and post‐COVID‐19

Palazzi,

Assaf,

Klotzle

2023

Journal of Futures Markets

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Brazil's significant commodity production is internationally recognized, yet the absence of a mature futures market exposes it to price risks and international shocks. This study explores the dynamic connectedness between commodity futures and the Brazilian cash markets, using a time‐varying parameter vector autoregressive model. We also assess COVID‐19's impact on this connectedness. We find a significant influence of oil prices on Brazilian ethanol prices, and particularly emphasize the Heating Oil spillover effect on ethanol in the post‐COVID‐19 era. We also note the ascension of Brazilian soybean spot markets' international significance since 2017, amplifying their role in global grain price discovery. Finally, by computing hedge ratios and effectiveness between commodity futures contracts and Brazilian spot prices, our study reveals soybean cash price as the most effective hedge. These insights deepen comprehension of connectedness within Brazilian commodity markets, thereby guiding investors and policymakers in strategic energy policy decisions.

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“…In addition, the rate of CIDE combustíveis -the tax that needs to be paid when fuel is imported or commercialized -was reduced 10 until full exemption was granted between 2012 and 2014. Thus, between 2011 and 2014, oil prices were subsidized by the federal government in Brazil (Costa and Burnquist 2016).…”

Section: Brazilian Energy Politics 2003-2017mentioning

confidence: 99%

Brazilian energy-related climate (in)action and the challenge of deep decarbonization

Basso

2019

Rev. bras. polít. int.

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Este é um artigo publicado em acesso aberto e distribuído sob os termos da Licença de Atribuição Creative Commons, que permite uso irrestrito, distribuição e reprodução em qualquer meio, desde que o autor e a fonte originais sejam creditados. AbstractWe present the challenge of deep decarbonization, the state of play of major economies regarding it, Brazilian outcomes compared to its peers and political struggles that help explain these outcomes. By identifying key actors, their interests and how they interact in domestic politics in issues that are key to deep decarbonization, we explain why Brazil, despite the potential to be ahead of its peers, has been moving backwards, and how Brazilian stances in the climate regime are influenced by it. The research is based on a qualitative analysis of extensive empirical data (primary and secondary sources). Article Brazilian energy-related climate (in)action and the challenge of deep decarbonization Rev. Bras. Polít. Int., 62(2): e002, 2019 Basso Brazilian energy-related climate (in)action and the challenge of deep decarbonization Rev. Bras. Polít. Int., 62(2): e002, 2019 Basso 3The challenge of deep decarbonization: meaning and state of play Deep decarbonization is the structural transformation of current economic development models and lifestyles to drastically reduce carbon emissions and limit long-term global average temperature rise. It can be measured by the carbon intensity of GDP, decoupled in energy intensity of GDP and carbon intensity of TPES. Both measures are influenced by (i) energy efficiency and conservation, (ii) decarbonization of electricity and fuel production and (iii) switching to low carbon energy sources in energy end-uses (Sustainable Development Solutions Network and Institute for Sustainable Development and International Relations 2015).Energy efficiency and conservation imply decreasing energy demand by technically improving products and processes (e.g.: improving vehicle and appliance technologies; reducing the need of artificial lighting and cooling/heating systems; optimizing logistical chains; reusing and recycling materials (Sustainable Development Solutions Network and Institute for Sustainable Development and International Relations 2015, 08). Decarbonization of electricity and fuel production and switching to low carbon energy sources in energy end-uses are most successful when fossil fuels are replaced with low carbon primary energy sources -renewables and nuclear.When an economy decarbonizes, either or both changes are in place. Yet, energy intensity of GDP is also influenced by the economic structure. If less energy-intensive activities, e.g., services and light manufacturing energy-intensive activities, replace more intensive ones, e.g., mining, heavy industry, in total economic output, energy intensity of GDP also decreases (Fankhauser and Jotzo 2018). Thus, when reducing energy intensity of GDP is the strongest driver of decarbonization, it is key to try to understand if energy efficiency and conservation really did play a role....

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Impactos do controle do preço da gasolina sobre o etanol biocombustível no Brasil

Cited by 10 publications

References 4 publications

Ethanol Prices and Agricultural Commodities: An Investigation of Their Relationship

Ethanol Prices and Agricultural Commodities: An Investigation of Their Relationship

Dynamic connectedness between energy markets and the Brazilian cash market: An empirical analysis pre‐ and post‐COVID‐19

Brazilian energy-related climate (in)action and the challenge of deep decarbonization

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