Biofuels - An Energy, Environmental or Agricultural Policy?
Biofuels are produced from renewable resources (plants, organic waste, etc.) and can be used as an alternative to fossil fuels (oil, gas). Ethanol and biodiesel are the two main biofuels widely used today, but there are others, such as biobutanol, at the research and development phase. Global production of biofuels is booming, as higher oil prices and technological breakthroughs have made it a more profitable business. Other key factors are the political will in most industrialized countries to find a reliable source of energy, and the implementation of new incentive programs; these have stimulated the industry’s growth and helped develop a level of infrastructure that can take advantage of favourable economic conditions.
Source: Library of Parliament (Canada)
