Biofuels Could Account for 7% of Transportation by 2030
Click here to write a Letter to the Editor. he International Energy Agency said in its World Energy Outlook 2006 report that the amount of transportation energy demand met with biofuels could rise to 7% by 2030, Bloomberg reported Tuesday. Ethanol is expected to lead the growth in biofuels, as IEA projects that technology advances will drive its price down quicker than soy-based biodiesel, Bloomberg said.In addition, the U.S., the European Union and Brazil are expected to emerge as the leading producers and consumers of biofuels, Bloomberg reported.
Transport Topics