The Outlook for Biofuels

Author: International Energy Agency,

Source: SourceOECD Energy, Volume 2006, Number 23, December 2006 , pp. 667-723(57)

Publisher: OECD - Organisation for Economic Co-operation and Development

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Abstract:

Interest in biofuels - transport fuels derived from biomass - is soaring for energy-security, economic and environmental reasons. Biofuels hold out the prospect of replacing some imported oil by indigenously produced fuels and of diversifying sources. They can also help curb greenhouse-gas emissions, depending on how they are produced, and contribute to rural development. Higher oil prices have made biofuels more competitive with conventional oil-based fuels, but further cost reductions are needed for most biofuels to be able to compete effectively without subsidy.

Document Type: Review article

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