Doing Something About a Critical Problem

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Monday, 25 April 2011 18:41

Ottawa, Ontario, Canada, April 2011— Although most realize that the current energy crisis must be initially dealt with by concentrating on the “here and now” (as in allowing more drilling, releasing reserves and ensuring no market gouging is causing the price of gasoline to jump based on manipulation), the Canadian Renewable Fuels Association this month lauded a new roadmap from the International Energy Agency (IEA) that reaffirms the critical role of biofuels in the future of global energy supplies.  http://www.iea.org/papers/2011/biofuels_roadmap.pdf Biofuels, (which include Ethanol, fuels created from algae and switchgrass, but most importantly, soy) according to the roadmap, can account for over 25% of transportation fuels by 2050 and "can play an important role in reducing CO² emissions in the transport sector, and enhancing energy security." The IEA goes on to state that "global biofuel consumption can increase in a sustainable way - one in which production of biofuels brings significant life cycle environmental benefits and does not compromise food security - from 55 million tons of oil equivalent today to 750 in 2050; this would mean that the global share of biofuel in total transport fuel would grow from 2% today to 27% in 2050." The IEA believes that its biofuels roadmap is both sustainable and achievable, reaffirming the tangible benefits of biofuels to the economy, environment, and energy supply. “Canada”, said Gordon Quaiattini, president of the Canadian Renewable Fuels Association, "Canada is ideally positioned to be part of this biofuel growth opportunity." He added that “We also agree that sustained funding and support mechanisms are required to enable promising advanced biofuel technologies to reach commercial production." Read about the IEA's Roadmap here: http://www.iea.org/papers/2011/biofuels_roadmap.pdf. SOURCE: IEA; CRFA < Prev   Next >