World market of liquid biofuels: trends, policy and challenges

Abstract

This paper aimed at studying the current state of development of liquid biofuels’ world market. The authors considered the theoretical bases of liquid biofuels production, their types, disadvantages and advantages. The world experience of introducing stimulation mechanisms of development and their influence on the sectors’ growth is analyzed. In this study’s frame, there is outlined the world leaders in the production of liquid biofuels. The findings represent the peculiarities of state regulation in implementing mandates for creating transport fuels with bioliquids. The current state of investment in the production of liquid biofuels was investigated. The obtained results contribute to the prospects for promoting world production of liquid biofuels to achieve the Paris Agreement’s goals by 2030 under the sustainable development scenario.

Delayed use of bioenergy crops might threaten climate and food security

“…First, we considered that BECCS was used for substituting oil or gas rather than coal, where less emissions were abated due to a higher power generation efficiency (41% and 47% for oil and gas 87 , respectively, versus 39% for coal 86 ) and a lower CO2 emission factor (0.7 and 0.4 tCO2 MWh -1 for oil and gas 88 , respectively, versus 0.85 tCO2 MWh -1 for coal 85 ) in power plants. Second, there are technological and market barriers for using bioenergy in transportation 89,90 , which make it difficult to equip CCS on vehicles 91 . We considered a scenario where biomass produces bioethanol with a 16% of energy loss in production 92 to substitute vehicle oils without CCS.…”

Ukraine`s Bioenergy Sector: Trends and Perspectives for the Post-war Green Energy Transition

“…In recent years, there have been clear global trends regarding the transformation of the global energy sector. The governments of most countries of the world have developed and are successfully implementing their strategies towards achieving sustainable development goals (Bardy and Rubens, 2022;Bashynska et al, 2022;Beyi, 2021;Sala et al, 2023;Keliuotytė-Staniulėnienė et al, 2021;Tu et al, 2022), including those directed to replacement of fossil fuels by renewable energy resources (Gencer and Ackere, 2021;Hyrchenko et al, 2021;Mišík, 2021;Mišík and Oravcová, 2022). Ukraine also did not remain aloof from global trends, having declared the renewable energy development vector in the Energy Strategy of Ukraine until 2035 (CMU, 2017a) and the National Action Plan for the Development of Renewable Energy until 2030 (CMU, 2012).…”