Last update: 09.07.2011
G8 and OECD must adopt key IEA Biofuels Roadmap findings
Source : ethanolrfa.org
As the world's richest countries gather at the G8 Summit and the OECD's annual International Transport Forum the Global Renewable Fuels Alliance (GRFA) is calling on them to immediately adopt the International Energy Agency's (IEA) Technology Roadmap which sees biofuels accounting for over a quarter of the world's transport fuels by 2050. "Meetings like these are crucial opportunities to address energy security issues that must not be wasted", stated Bliss Baker, spokesperson for the GRFA. "In April the IEA provided a comprehensive roadmap for reducing our crude oil reliance which included the widespread use of biofuels and we must take advantage of this opportunity", added Baker. Countries throughout the world have witnessed record gasoline prices this past month. Adopting a clear strategy to diversify our fuel options, as proposed by the IEA, will alleviate our crippling reliance on crude oil. In April, two economists at leading U.S. universities found that the presence of ethanol in the U.S. market in 2010 kept gasoline prices $0.89 cents lower per gallon than they otherwise would have been. Even OPEC said in a recent forecast that "energy efficiency policies along with the use of biofuels will put downward pressure on oil consumption worldwide".
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30 May 2011 |
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