The first reason is as a means of combating climate change. Combating climate change forces the world to seek alternative, low-carbon sources of energy and fuel. Since traffic is one of the largest sources of greenhouse gas, i.e. carbon emissions, substituting fossil fuels with renewable alternatives such as biofuels is an efficient way to reduce these emissions. Secondly, it’s an effective way of responding to higher energy consumption. The expected increase in world population to 10 or even 15 billion by 2050, combined with significant economic growth in emerging economies will result in substantially increasing energy consumption. To be able to respond to this growing demand, we need to use natural resources more efficiently and increase the use of renewable energy, such as biofuels.
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