The market will also receive an impetus from blending mandates as set by developed economies. Similarly, Renewable Energy Directive (RED) application to EU member states has a target of using at least 10% renewable energy for transport. This is expected to boost the uptake of biodiesel in transport. For instance, despite COVID-19 setbacks, Germany’s Climate Protection Quota continues to insist on achieving its carbon intensity target for 2020. The global liquid biofuels market has garnered notable support from the governments to make an impact on national levels. Supportive Regulatory Framework to Promote Use of Liquid Biofuels to Reverse Climate Change According to Fairfield Market Research, with zero-emission target for 2050, the global demand for liquid biofuels is expected to give the market a much-needed boost throughout the forecast period of 20. These plant-derived fuels are gaining traction as players remain focused on building a circular economy. The demand for liquid biofuel is also expected to escalate as countries try to build an energy-secure future. Biofuel, available in solid, liquid, and gaseous forms, is gaining momentum as governments across the globe put in efforts to reduce carbon emissions. The global market for liquid biofuels has received a great impetus as the natural reserves of fossil fuels deplete, creating pressure on deriving alternatives.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |