IEA Says Biofuels Can Displace 27% of Transportation Fuels by 2050
Biofuels have the potential to meet more than a quarter of world demand for transportation fuels by 2050, the International Energy Agency said Wednesday in a report requested by G8 energy ministers.
The report, "Technology Roadmap: Biofuels for Transport," said displacing 27% of transportation fuels -- particularly diesel, kerosene and jet fuel -- by 2050 would cut greenhouse gas emissions by 2.1 billion tons/year. It cautioned that the levels can only be achieved if conventional technologies become more efficient at converting crops, algae and other organic material into energy.
Bo Diczfalusy, IEA's director of sustainable energy policy, after announcing the findings during an advanced biofuels conference in Washington, said the 2050 target is not unrealistic.
(Platts Apr. 2011)