World energy consumption is projected to expand by 50 percent from 2005 to 2030, with most demand coming from countries outside the Organisation for Economic Co-operation and Development (OECD). As production capacity for fossil fuels diminishes and demand rises, high prices are affecting consumers around the world. The need for alternative and renewable sources of energy is paramount and all countries must address the fact that fossil fuels are not an infinite resource.

To limit the negative environmental and economic impact of increased energy consumption, it is imperative to find resources that produce less greenhouse gases and that are renewable.

• Renewable sources of energy are necessary to mitigate climate change
• Developing new energy sources such as wind, solar, hydro and biofuels can help create jobs and new economic opportunities
• Second generation and third generation biofuels can contribute to reducing greenhouse gas emissions

Rising global consumption of fossil fuels is set to drive up greenhouse gas emissions and global temperatures. Most emissions are driven by the power generation and transport sectors, which will contribute over 70% of the projected increase in world energy-related CO2 emissions to 2030. The projected rise in emissions estimates a doubling of the concentration of greenhouse gases in the atmosphere to around 1000 parts per million of CO2-equivalent by the end of the 21st century, up from 380 parts per million globally today. This would lead to an eventual global temperature increase of up to 6°C.

At a time when the availability of fossil fuels is in decline, the development of biofuels will bring with it a number of advantages. They offer a sustainable and cleaner source of power, with significantly lower greenhouse gas emissions. They will create employment and encourage agricultural growth even in areas where such growth had hitherto been inconceivable (farmers could supply the world with about 10% of its gasoline replacement by 2025, according to the International Energy Agency). They will help to alleviate dependence on imported oil. Biofuels are safer to use and are biodegradable.

Creating reliable and environmental friendly energy will benefit businesses, farmers, and consumers around the world and help drive a new green economy. The plant science industry is committed to being part of the solution and will continue to provide innovative technologies to meet the energy challenge.

Read more about biofuels in our dedicated biofuels section.