Global Biofuels at the Crossroads: An Overview of Technical, Policy, and Investment Complexities in the Sustainability of Biofuel Development

Abstract

Biofuels have the potential to alter the transport and agricultural sectors of decarbonizing societies. Yet, the sustainability of these fuels has been questioned in recent years in connection with food versus fuel trade-offs, carbon accounting, and land use. Recognizing the complicated playing field for current decision-makers, we examine the technical attributes, policy, and global investment activity for biofuels (primarily liquids). Differences in feedstock and fuel types are considered, in addition to policy approaches of major producer countries. Issues with recent, policy-driven trade developments are highlighted to emphasize how systemic complexities associated with sustainability must also be managed. We conclude with near-term areas to watch.

Keywords

• biofuels
• ethanol
• biodiesel
• cellulosic
• biobutanol
• renewable fuel
• splash and dash