article thumbnail

Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

Green Car Congress

High oil prices, a global economic rebound, and new laws and mandates in Argentina, Brazil, Canada, China, and the United States, among other countries, are all factors behind the surge in production, according to research conducted by the Worldwatch Institute’s Climate and Energy Program for the website Vital Signs Online.

2010 256
article thumbnail

Are biofuels the answer for green cars? The Green Piece

Green Cars News

Aren’t biofuels climate friendly? They offer the prospect of increased market competition and oil price moderation and can help reduce the dependency on fossil fuels. Generally, any alternative energy form that can help reduce carbon dioxide (CO2) emissions and limit our reliance on fossil fuels is well-received.

article thumbnail

Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

Green Car Congress

billion) were all in the top 10 of investing countries while more than $1 billion was invested in Indonesia, Chile, Mexico, Kenya and Turkey. Another challenge was, at first sight, the impact of the 50%-plus collapse in the oil price in the second half of last year. billion set in 2011. Additional to China, Brazil ($7.6

2014 150
article thumbnail

GSI/UNEP conference report finds fossil-fuel subsidy reform complex and challenges sobering; ~1% of global GDP spent on fossil-fuel subsidies

Green Car Congress

For example, at peak oil price in 2008, Indonesia was spending 40% of its budget on transport fuel—more than health, education and infrastructure development combined. ” Some of the main lessons drawn from the report include: Fossil-fuel subsidies absorb serious amounts of money.

Fuel 240