Report: Biofuels And Bioenergy To Play ‘Integral’ Role In Energy Transition

A new multi-landmark report has been released by government-led, multi-stakeholder initiative Biofuture Platform detailing how biofuels and bioproducts ‘must play an integral role’ in the future of the global energy transition. Entitled Creating the Biofuture: A Report on the State of the Low Carbon Bioeconomy, the report uses models and scenarios outlined by the International […]

A new multi-landmark report has been released by government-led, multi-stakeholder initiative Biofuture Platform detailing how biofuels and bioproducts ‘must play an integral role’ in the future of the global energy transition.

Entitled Creating the Biofuture: A Report on the State of the Low Carbon Bioeconomy, the report uses models and scenarios outlined by the International Energy Agency (IEA), the International Renewable Energy Agency (IRENA) and the Intergovernmental Panel on Climate Change (IPCC).

Key barriers against the development of bioenergy are outlined in the report as: high levels of perceived risk affecting the availability of financial resources; lack of competitiveness for bioenergy relative to fossil-fuel based alternative in many markets; unfavorable policy frameworks that do not effectively meet the competing needs of the agricultural economy and food system; and an insufficient, unreliable or expensive supply of feedstock available.

Technological support alongside favorable policies and legislation will be essential to overcoming these barriers, according to the report.

“The report’s key lesson is that a package of well-informed, well-designed policies combining market and innovation support is paramount to sustainably producing biofuels, bioenergy and bioproducts at the scale we need,” said Brazil’s Minister of Environment, Edson Duarte.

Read more on this from Bioenergy Insight at https://www.bioenergy-news.com/display_news/14207/report_biofuels_and_bioenergy_to_play_integral_role_in_energy_transition/.

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