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Biofuels Can Provide upto 27 Percent of World Transportation Fuel by 2050: IEA Report

International Collaboration is Vital

The report stresses that reducing tariffs and other trade barriers will be important to expanding the trade in biomass and biofuels to reach the levels necessary to meet emerging demand in different regions of the world. International co-operation will also be needed to further develop analyses of sustainable land and biomass potentials, and obtain detailed regional data on suitable feedstocks for biofuel production. To ensure developing countries can successfully adopt sustainable biofuel production, international collaboration on capacity building and technology transfer will be necessary, the report stresses. Developing countries interested in introducing biofuels can profit from the experience of other regions, including lessons learned and best practices for biofuel production, as well as the government policies that can help ensure that required investments are beneficial for local economies.


Check the following link to read/download Full Report:
http://www.iea.org/papers/2011/biofuels_roadmap.pdf


About the IEA

The International Energy Agency (IEA) is an autonomous organization which works to ensure reliable, affordable and clean energy for its 28 member countries and beyond. Founded in response to the 1973/4 oil crisis, the IEA’s initial role was to help countries co-ordinate a collective response to major disruptions in oil supply through the release of emergency oil stocks to the markets. While this continues to be a key aspect of its work, the IEA has evolved and expanded. It is at the heart of global dialogue on energy, providing reliable and unbiased research, statistics, analysis and recommendations. For more information, visit www.iea.org.


Source: IEA.