Review on Biofuel And Its Need, Demand In Global Level

Abstract

Renewable and sustainable sources of energy can be obtained from conventional fossil fuel. The right choice to produce biofuels can get by exploitation of biomass.First and second generation biofuels are not available and critized for economic ,social and food industry. Since the early 2000s, the development of global biofuel markets has been driven by policies fostering their production and use. Policies were initially motivated by a combination of factors, including the view that biofuel use would improve energy security and reduce greenhouse gas emissions (GHG). Government support for the biofuel industry takes the shape of blending mandates, exemptions from taxes applied to corresponding petroleum fuels, and investment support. Biofuel markets also are suffering from sustainability criteria, fuel quality standards, and import tariffs on ethanol and biodiesel. The projections presented during this Outlook are supported a group of assumptions concerning the evolution of biofuel policies round the world