Biofutures Platform facing uphill battle to create global biofuel market

October 23, 2017 |

In Germany, the 20 countries that make up the Biofutures Platform and led by Brazil plan to unveil a global strategy at an upcoming meeting in Bonn in an effort to lay the policy groundwork that will finally create a global market for biofuels. But with biofuel investment down 25% on the year during the first half of 2017 matched with continually falling fossil fuel prices and a global push towards electric vehicles, many see the push as an uphill battle that Brazil has been fighting since the 1980s and not making any real headway.

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