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The climate change debate is leading to an increased interest in
renewable fuels. Whereas emissions from households and industry
have been reined in quite successfully, the matter has proven more
difficult to tackle in the transport sector.
The year 2009 marked a watershed in the way policy-makers tried
to tackle the problem of greenhouse gas emissions from transport,
with a paradigmatic shift in both the US and European Union, as
they introduced ambitious directives to cut transport emissions by
2020.
Other markets adopted different approaches, all of which has
played its part in developing the biofuels industry to where it is
today. Strong growth has seen high levels of investment and new
players entering the industry, with major IOCs and NOCs adapting
their long-term strategies to meet ever-increasing green
mandates.
Access our infographic below, summarizing the different
biofuel policies being adopted across major country and regional
markets, and the impact this is having on the market
fundamentals:
To build a deeper understanding on the long-term direction of
the global biofuels industry, register for the on-demand IHS Markit
Biofuels Outlook Webinar with Dr. Christoph Berg and
James Simpson.
Posted 01 October 2020 by Christoph Berg, Managing Director, F.O. Licht, S&P Global Commodity Insights and
James Simpson, Director, Refining Chemicals And Resources Solutions, S&P Global Commodity Insights
