IEA projects biofuels will supply 26 percent of transport fuel by 2050

At World Biofuels Markets, International Energy Agency executive Antonio Pflüger said that if no action is taken, by 2050, coal demand will increase by 192 percent, gas demand will increase by 138 percent, and oil demand will grow 65 percent, with a 130 percent increase in global CO2 emissions. Pfluger said the world is far from running shot on oil, but that growth in reserves will depend largely on increase in the oil recovery rate from 35 percent today. The IEA is projecting that biofuels will account for 26 percent of all transport fuel by 2050, and will use 11 percent of global arable crop land to do so.

Download the complete IEA presentation here.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

World Energy Council releases 2050 forecast of energy demand, sources

The World Energy Council issued its 2050 Transport Technologies and Policy Study, which projected that 15% of vehicles in 2020 will be plug-in hybrid vehicles, a major role for biofuels, and a "footho...

G8 heads of state call for 50 percent cut in GHGs by 2050; “At this rate, by 2050 the world will be cooked and the G8 leaders will be long forgotten” says Oxfam

The G8 heads of state issued a call for a 50 percent reduction in greenhouse gas emissions by 2050 by G8 countries, but the call met with tepid response from other nations as well as environmental lea...

“Green Skies thinking: Promoting the development and commercialization of sustainable bio-jet fuels” report published

In the UK, the Policy Exchange released a report titled "Green Skies thinking: Promoting the development and commercialisation of sustainable bio-jet fuels", and concluded that the wide-scale deployme...

G8 Summit backs 50 percent emission reduction for aviation by 2050

In Italy, leaders at the G8 summit expressed support for the International Civil Aviation Organization (ICAO) target of 50 percent reduction in emissions by 2050.  Canada, France, Germany, Italy, Jap...

Bali emission targets softened to 50 percent cut by 2050, from 40 percent by 2030, as US, EU seek compromise

In Bali, the EU eased up on criticism of the United States at the UN Conference on Climate Change. EU officials had threatened a boycott of next month's Washington conference on climate change over 20...

Airline industry’s 10 percent biofuel target for 2013 profiled, critiqued

A recap of the International Air Transport Associations Green Vision program has been published, focusing on the industry's goals of zero emission jets by 2050 and 10 percent conversion to biofuels by...