| Publication |
2013.
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| Summary/Abstract |
Over the past decade, both Asia and Europe have devoted considerable effort to expanding the production of first-generation biofuels to fuel cars, taxis, buses, trucks, motorcycles, etc. On the one hand, with "peak oil" potentially looming in the future, and on the other, with an insatiable need for petroleum and diesel, the prospect of large-scale use of biofuels enjoyed tremendous public appeal as they seemed to provide a long-term alternative and clean fuel source in Asia and Europe. However, globally today, biofuels constitute only 3 % of the total transport fuel mix. Production is still steadily increasing in some countries, but their economic competitiveness and environmental sustainability have come into question in others with the result that production has slowed down considerably or even halted. The outlook for second- and third-generation biofuels is promising. However, they also cannot yet supplement, far less substitute, for petroleum and diesel in a commercially viable way.
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