"As industry and governments enter a new decade and contemplate the outcome of the December, 2009 Copenhagen treaty, the `big picture' on biofuels continues to get lost in the rhetoric of sustainability in Brussels and Washington. ??The European Union and the United States are the two largest consumers of petroleum fuels, yet they remain paralyzed by indecision on the proper definitions for "sustainable" biofuels regulations, land use criteria, mandates, and import/export regulations.
Sustainability Slowdown
For the subject of biofuels, Brussels and Washington remain mired in red tape, regulations, and confounded by the perplexing uncertainties of defining `sustainability' from several perspectives. It is important to remember why some nations started biofuels regulations in the first place: national security. More importantly, international security."
The three largest emerging markets of the BRIC countries – China, India and Brazil continue to move forward on biofuels policies, mandates and programs while Washington and Brussels sidestep, punt, and delay mandates for unclear sustainability rationale (and agricultural protectionist reasons). This has lead to a slowdown and suspension of US biodiesel-mandated markets, and continues to be a principal complaint of the US National Biodiesel Board and the US Renewable Fuels Association regarding CARB and ILUC criteria.
more at http://www.biofuelsdigest.com/blog2/2010/01/20/next-generation-biofuels-the-big-picture/
including projections of biofuel business from algae and non-food crops.
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Biofuels are a wide range of fuels which are in some way derived from biomass.
Your idea?