THE ROLE OF RENEWABLE ENERGY RESOURCES IN REDUCING CARBON DIOXIDE EMISSIONS IN AGRICULTURE AND FORESTRY IN THE BALTIC COUNTRIES

Abstract

The paper investigates the role of renewable energy resources in reducing carbon dioxide emissions in agriculture and forestry in the Baltic countries. The selected research period is 1995-2021, the data is collected from the Eurostat database. To answer the research question, the methodology and two variables were chosen, i.e. the percentage of consumption of renewable energy resources from total energy consumption, and in agriculture, the total agriculture value added per annual work thousand PPS (at basic prices 2015=100%). To study the data, graphic dynamics of the indicators of each country were performed and compared. In the second part of the study, correlation and regression analyzes were performed for individual countries and the data panel. The results of the study indicated that the percentage of energy consumed in agriculture and forestry in the Baltic countries is too small to have an impact on the reduction of carbon dioxide emissions in agriculture. A positive effect of agricultural production on carbon dioxide emissions was also determined, i.e. the increasing productivity of agriculture increased carbon dioxide emissions in the Baltic agriculture during the research period.