Global Renewable Fuels Alliance

Global Renewable Fuels Alliance

April 21, 2011 11:10 ET

IEA Report Confirms Biofuels Can Enhance Energy Security While Reducing GHG Emissions

TORONTO, CANADA--(Marketwire - April 21, 2011) - A new report from the International Energy Agency (IEA) this week confirmed that sustainable biofuels could displace over a quarter of the world's transportation fuels by 2050. Today the Global Renewable Fuels Alliance (GRFA) applauded some of the reports key findings.

The IEA report stated that, "by 2050, biofuels could provide 27% of total transport fuel" and "the projected use of biofuels could avoid around 2.1 gigatonnes of CO2 emissions per year when produced sustainably." According to Bo Diczfalusy, the IEA's Director of Sustainable Energy Policy, this means that biofuels "will eventually provide one fifth of emission reductions in the transport sector."

"Today's report reaffirmed the GRFA's long standing principle that through the development of new technology and refined industry practices, biofuels can help secure the world's energy future," said GRFA spokesperson, Bliss Baker. "The IEA confirmed today that biofuels can reduce GHG emissions and improve energy security without jeopardizing food security," added Baker.

The IEA's "Technology Roadmap: Biofuels for Transport" was put together with input from representatives of government, industry, academia and non-governmental organizations. The GRFA agrees with and supports the IEA's key action that we must "create a stable and long-term policy framework so biofuels are able to attract increased investor attention, allowing for the sustainable expansion of biofuel production."

"The GRFA also endorses another key IEA action to guarantee funding and support so that advanced biofuel technologies can reach commercial production in the next 10 years and demonstrate their ability to achieve cost and sustainability targets," added Baker.

Read the IEA Roadmap here: http://www.iea.org/papers/2011/biofuels_roadmap.pdf

The Global Renewable Fuels Alliance is a non-profit organization dedicated to promoting biofuel friendly policies internationally. Alliance members represent over 65% of the global biofuels production from 44 countries. Through the development of new technologies and best practices, the Alliance members are committed to producing renewable fuels with the smallest possible footprint.

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