The Global Renewable Fuels Alliance (GRFA) has renewed its call for the adoption of policies that ensure biofuels are a growing part of the worlds future energy mix.
The Toronto, Canada based non-profit released its statement as world and energy industry leaders gathered today in Dubai at the World Energy Forum.
“2012 is the United Nations 'International Year of Sustainable Energy for All' and is the ideal time for World Energy Forum attendees to push for more bio-fuels friendly policies,” said Bliss Baker, spokesperson for the Global Renewable Fuels Alliance.
”We cannot continue to rely on our addiction to oil that continues to hamper economic growth, exacerbate climate change and drive up food prices,” Baker added.
According to the GRFA, bio-fuels contributed $277.3 billion to the global economy and supported nearly 1.4 million jobs in 2010.
This year ethanol production is forecasted to reduce Green House Gas (GHG) emissions by 100 million tonnes globally. This is a reduction of 276,000 tonnes of GHGs per day, which is the equivalent of approximately 20.2 million cars being taken off the road per year.
Last year the International Energy Agency released, Technology Roadmap – Bio-fuels for Transport, which stated that bio-fuels could make up 27% of the worlds transport fuels by 2050, eliminate 2.1 gigatonnes of CO2 emissions and not jeopardize food security. Recently the IEA called for bio-fuels production to double so their CO2 reduction goal could be met by 2020.
“World and energy industry leaders must follow IEA recommendations and adopt policies that ensures global bio-fuels production doubles in the coming years to meet CO2 reduction goals and reduce our dangerous reliance on crude oil imports,” Baker said.
The World Energy Forum facilitates a conversation and an exchange of ideas between heads of state, national energy ministers, and energy industry leaders. The goal is to find solutions to the challenges facing a sustainable energy future through technological innovations, research and political will.