By 2050, biofuels could account for up to 27 percent of the world's total worldwide transportation fuel, according to a report published by the International Energy Agency (IEA). This, according to the IEA, would require biofuel consumption to rise to more than 750 million tons by 2050, up from 55 million tons today, but if the European Union's latest biofuel data gives us an accurate indication of what the future holds, then demand for biofuel may already be weakening.

According to the latest annual report by renewable energy group Eurobserver, the European Union's appetite for biofuel slowed in 2010, increasing by only 1.7 million tons of oil equivalent, compared to official EU consumption data for 2009. Though a 1.7-million ton spike seems like quite the jump, the EU's biofuel consumption in 2009 shot up by 2.7 million tons of oil equivalent over 2008 figures. One year's results do not make for a trend, but if the EU's demand for biofuel is already starting to dwindle, then the IEA's 750-million ton mark might be out of reach.

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    • 1 Second Ago
      • 8 Months Ago
      There was initial decline probably with people conserning the suitability of the new biofuel grades to their old cars some as old as 20 to 30 years. With new flex-fuel or electric cars, things will improve but it'll take some time before new technology reaches mass-markets and used car markets.
      • 8 Months Ago
      Might just be possible to exceed that target under certain scenarios. Say for example, world oil production declines by 5% a year starting next year. That would bring world oil consumption/production to under 14 million barrels of oil per day or roughly 2 million tons per day implying 730 million tons per year. 27% of 730 is 197 so, if world biofuel production is currently 55 million tons, it would only have to rise by a little less than 3.7% a year to reach that target. See ... easy! If we could prevent our civilization from collapsing/disintegrating under such a scenario.
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