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62 countries have biofuels friendly policies

According to the Global Renewable Fuels Alliance (GRFA), 62 countries now have biofuels friendly policies in place, by which ethanol production alone has replaced the need for over 2 million barrels of crude oil per day.

The significant growth in the global biofuels industry to 62 countries with biofuels friendly policies can be viewed on the GRFA’s new Interactive World Biofuels Map.

“It is amazing to watch the growth of the biofuels industry from a global perspective,” said Bliss Baker, spokesperson for the GRFA. “Today, governments have embraced biofuels in every corner of the world, from Australia to Zimbabwe.”

One of the latest countries to enact a biofuels mandate is India. Currently their mandate is set at 5% ethanol content and scheduled to increase to 10% as soon as production capacity is in place. India has ultimately set a goal of 20% for all biofuels content by 2017.

“Enacting biofuels friendly policies in developing countries and growing economies like India will be crucial for the continued growth of the global biofuels industry and reducing our reliance on crude imports,” stated Baker. “The GRFA applauds the government of India for taking the steps to reduce its reliance on crude oil and setting a plan in place to become a global leader in biofuels use and production.”

Several African countries now also have biofuels friendly policies in place. Countries like Nigeria, Ethiopia, Sudan and Mozambique all now have biofuels-friendly policies in place to encourage the use and production of renewable fuels. In total, ten African countries have implemented biofuels friendly policies to reduce their crude oil reliance.

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Bioenergy  •  Policy, investment and markets

 

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