Biofuels and Energy Security

Biofuels are previously a small but rapidly growing contributor to the transport fuels market. In 2005, global fuel ethanol manufacture was approximately 36,000 million litres and biodiesel approximately 4,000 million litres. This is sufficient to displace roughly 2% of global gasoline utilization and 0.3% of global diesel consumption. These amounts are modest but growing rapidly. It is typically acknowledged that bioenergy can make a serious contribution in meeting energy security and economic development goals, as well as helping to diminish GHG emissions. Increasing desire of electricity and environmental concerns has put the pressure on countries to increase the focus on renewable energy.