Global Biofuels Production Projected to Surge 70% by 2030 Amid Energy Crisis
Source Summary
A study by Chatham House and the Forest Stewardship Council projects global biofuels production will surge nearly 70% by 2030 as major producing countries raise fuel-blending mandates in response to the energy crisis triggered by Middle East conflict. Biofuels like ethanol, derived from food crops or animal feed and blended with gasoline or diesel, become more cost-competitive as crude oil and gasoline prices rise. Several countries, including the U.S., the EU, and Brazil, are among those raising their mandates.
Why it matters
Rising biofuels mandates represent a significant shift in global energy policy and supply, with direct implications for crude oil demand, agricultural commodity markets, and energy security amid geopolitical tensions.
