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Biofuel Production for Transport, Electricity, and Renewable Heat on the Rise, but Facing Challenges

According to the Medium Term Market Report put out by IEA (International Energy Agency), Biofuel production for the global market is expected to rise to 104 billion liters by the year 2020. However, the expectation is that the policy challenges affecting biofuel production and costs in the United States and Brazil will cause biofuel production in those countries to plateau in comparison to the rest of the global market. The report estimates that the gap in development in the highest biofuel producing nations will be made up by new production in non-OECD regions of Asia. Continue reading