The Future of Biofuels in Light of the Recent Global Economic Recession
In March 2007, Earth Trends published a monthly update focusing on the uncertainty of the global biofuel industry. Since this publication, world fuel ethanol production has increased from 12 billion gallons in 2005 to an estimated 17 billion gallons in 2008. One of the key factors behind this rapid increase in production is the growth of the transportation sector. Global motor gas consumption increased by 21 percent throughout the world between 1990 and 2003. The four most prominent boosts occurred in the U.S., China, Japan, and Iran as shown in Figure 1.
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