Did you know that transport contributes to a quarter of the world’s energy use and one-fifth of global CO2 emissions? With fast-growing populations and emerging economies, there is a huge need to improve fuel efficiency and air quality by reducing CO2 emissions that contributes to global climate change.
   
Transport biofuel consumption needs to triple by 2030 to be on track with the Sustainable Development Scenario (SDS). Stronger policies and innovation to cut costs are crucial in scaling up both advanced biofuel consumption and the adoption of biofuels in road, aviation and marine transport. New policy schemes in India and China are anticipated to significantly boost the market for biofuels. Last year, India announced a national biofuels policy allowing ethanol production from agricultural waste and crops residue such as corn, cassava and sugarcane. China is extending its 10 per cent ethanol-blending mandate nationwide. At the moment China’s bioenergy capacity principally uses energy from waste and agricultural residue (straw) fuels.
  
Biofuel demand in the aviation sector is growing. However, the cost is still prohibitive (about 40 per cent higher than oil, according to International Energy Agency). More aviation players are actively working on blending biofuels and kerosene to create greener jet fuel which has shown promising results.