IEA Bioenergy to launch a new report on the potential for advanced biofuels cost reduction

In France, a new IEA Bioenergy report, “Advanced Biofuels – Potential for Cost Reduction” to be launched on February 20^th and carried out by an experienced international team, uses as its starting point a study on the costs of advanced biofuels carried out within the programme of work of the Sub-Group on Advanced Biofuels (SGAB) (under the European Commission’s Sustainable Transport Forum (STF)) and published in 2017.

The report:

• Updates and extends this study to provide estimates of the current costs of producing a selection of relevant advanced biofuels;
• Identifies the scope for cost reduction for these advanced biofuels;
• Compares these costs and cost trajectories with likely trends in fossil fuel prices, and those of conventional biofuels.
• Examines the impact of policy measures, including carbon pricing, on the economic competitiveness of advanced biofuels.