IEA says emerging economies led 2023 biofuels growth

In France, the International Energy Agency in its most recent report on renewable energy says that in 2023, the role of biofuels has also come to the fore. Emerging economies, led by Brazil and India, are expected to drive 70% of global demand over the next five years as biofuels start to show their true potential in hard-to-abate sectors such as air travel and as a replacement for highly polluting fuels like diesel. While biofuels deployment is accelerating, the report shows that this is not happening quickly enough, with a significant increase required in demand by 2030 needed to align biofuels with a net zero pathway.