Energy is a vital input for social development and economic growth. The expected increase in the world’s population is to 8-10.5 billion by 2050. Combined with significant growth in emerging economies, it can lead to considerably increased energy consumption. At studybiofuels.com, we have explained all important factors, pros, and cons about different sources of energy including fossil fuels and biofuels. Factors like the finite oil reserves and perpetually rising demands for energy by the industrialized as well as the extremely populated countries like India and China have made it necessary to look for alternate and economical ways to replace conventional fuels in the future.Â
Also, considerations like steep rise in fuel costs within the recent years, increasing concerns about climate change like global warming, insecurity, and unrest among governments due to their depleting natural reserves are some of the many factors that outline a pressing want for a sustainable path towards renewable fuel technology development. To be able to respond to this growing demand, we must use natural resources with higher efficiency and increase the utilization of renewable energy, such as biofuels.
Liquid biofuels such as ethanol and biodiesel are efficient resources to resolve the tightened consumption of conventional fuel and diesel fuels that come from fossil fuels. Ethanol is being used in different chemicals and fuels. Although biofuels are a way more expensive than conventional fuel, it has enormous social, economic and environmental benefits. Biomass is an energy resource that is more evenly distributed globally. Using waste and residue as raw materials for biofuels is a wonderful way of fulfilling the requirements of the world’s circular economy. Reducing the number of waste and creating the most out of our valuable natural resources is crucial for our future survival.Â
Since traffic is one of the most important sources of greenhouse gas, i.e. carbon emissions, substituting fossil fuels with renewable alternatives is an economical way to cut back these emissions. One of the good things about biodiesel is that it is ‘carbon neutral’. This implies that the biofuels do not emit any net output of carbon in the form of carbon dioxide. So, by the use of bio-fuels, the climate changes and the greenhouse effect can be controlled.Â
After looking at all these benefits, biofuels are being used on a wide scale. The production and use of biofuels, globally, has increased tremendously in recent years, from 18.2 billion liters in 2000 to about 60.6 billion liters in 2007. According to an estimate, about 85% of the total amount is bioethanol.