The Global Renewable Fuels Alliance (GRFA) this week called on the policy development, business and technology sector leaders attending the World Future Energy Summit in Abu Dhabi, to commit to increasing biofuels’ share of the future global energy mix.
“The GRFA has demonstrated that increasing biofuels production and use in the future will lower GHG emissions while positively contributing to our (world) economy and reduce our reliance on crude oil,” said Bliss Baker, spokesperson for the Global Renewable Fuels Alliance.
According to the GRFA, biofuels will help shape the future of renewable energy because they are being seen as good for the global environment and economy worldwide. According to a report commissioned by the GRFA, the most recent available numbers show the global biofuels industry contributed $277.3 billion and supported nearly 1.4 million jobs in all sectors of the global economy in 2010. It is estimated that 85.2 billion liters of ethanol were produced in 2012 which is estimated to have reduced GHG emissions by over 100 million tonnes, the equivalent of taking more than 20 million cars off the road.
“Because biofuel feedstocks can be developed anywhere in the world, biofuels are a significant opportunity for all nations, especially developing countries, to develop and be part of an industry that is making such a significant contribution to global economy,” said Baker.
The Intenational Energy Agency has characterized today's energy system as "unsustainable” and slowing the world economy because the crude oil industry is receiving record subsidies and oil prices are still at an all time high, he noted.
The World Future Energy Summit is an annual event touted as advancing future energy, energy efficiency and clean technologies. The summit reportedly attracts heads of state, journalists, international policy makers, industry, investing and academic leaders to discuss practical and sustainable solutions to future energy challenges.
The Global Renewable Fuels Alliance is a non-profit organization that claims to represent 65 percent 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,” GRFA contends.
Baker concluded his comments about the summit by saying, “If attendees of the World Future Energy Summit want to improve the economy and environment they must give biofuels a bigger role in the future global energy mix.