A new report from the International Energy Agency (IEA) has predicted that biofuels could account for 27 per cent of transport fuels around the world by 2050.
Highlighting the role that the alternative fuel could one day play in reducing the levels of CO2 on roads, the report suggests that biofuels production could reduce dependency on fossil fuels as demand for fuel increases.
It also noted that biofuels does not have to impact on food security, a fear raised by many environmentalists. Indeed, it claimed that there is potential for using low-risk sources that require less land expansion.
Bo Diczfalusy, director of sustainable energy policy and technology at the IEA, said that the most important and cost-effective way to reduce transport emissions will be through vehicle efficiency.
However, he added: “Biofuels will still be needed to provide low-carbon fuel alternatives for planes, marine vessels and other heavy transport modes, and will eventually provide one fifth of emission reductions in the transport sector.”
The report comes after research from the Nuffield Council on Bioethics claimed that current methods of producing biofuels are unethical.
Energy Saving Trust, 2011-04-28.