Biofuels are becoming an increasingly important alternative to traditional forms of energy

Even though production of biofuels, such as ethanol and biodiesel, is rapidly increasing, their contribution to total fuel consumption will remain limited. Biofuels are sources of energy produced directly or indirectly from organic material including animal waste and plant material. In order to be considered a biofuel, at least 80% of the fuel must be made from renewable materials. There are 3 main types of biofuels: ethanol, biodiesel and biojet fuel. Biofuels are considered to be renewable since they can be replaced as quickly as they are used however biofuels biofuel production requires the use of fossil fuels in the form of fertilizers, agrochemicals,
These would be: the cost, the fact that there is an unlimited supply of resources to make the fuel with, it’s a renewable source that benefits our environment and it leads to economic stimulation and. First of all, the cost is an advantage since biofuels have to potential to be significantly less expensive than petroleum or any fossil fuel. This is possible due to the increasing worldwide demand for oil. Meanwhile, the supply for oil is diminishing, making biofuels more desirable whilst the prices are constantly fluctuating. Whereas fossil fuels are limited since they come from specific materials years ago, biofuels are renewable (since you can always produce more if it runs out) and can be manufactured from a variety of materials such as: crop waste, manure and other byproducts. This takes recycling to a new constructive level. Likewise, the amount of carbon emissions will also decrease drastically since when biofuels are used, they produce significantly less carbon and fewer toxins. This also makes them a safer alternative in order to preserve atmospheric quality and lower air pollution. In terms of economic stimulation, the economy will find stability as when using biofuels you can disregard afore mentioned fluctuating oil prices due to change in demand. This is because biofuels are produced locally. This will also lead to multiple job opportunities, resulting less unemployment, which is incredibly advantageous economically. Biofuel
In fact, bioenergy covers an estimate of 10% of total world energy demand. According to the US Energy Information Administration, “the US produced more than 13.3 billion gallons of ethanol in 2013.” International organizations, as well as biofuel associations, have predicted the global growth of biofuel production in 2020 as they are expected to be a great substitute worldwide and they aren’t climate specific either like other renewable sources like solar or wind power. The PEW Charitable Trusts’ report suggests “the US is the current leader in biofuel investments with $1.5bn in 2012.” However, investment in biofuels fell by 47%, globally, between 2011 and 2012. Brazil and the US are responsible for the majority of global bioethanol production. International trade of biofuel is expected to grow rapidly over the next decade, mainly with exports from Brazil to the US and EU. However, biodiesel trade isn’t expected to grow due to matters with trade in palm oil and increased national production of biodiesel by consuming countries. In 2010, the European Biodiesel Board estimated that the European biodiesel production total was 9.6 million metric tons. They believe that the EU is responsible for over 50% of the world’s biodiesel output. However, production decreased by 10% to 8.6 metric tons in