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The gradual construction of a biofuel policy system

/ Saturday, 14 September 2024 /

The development of biofuels cannot be separated from policy support and promotion.Multiple governments and international organizations have introduced relevant policies to encourage the production and use of biofuels.The United States is one of the world’s largest markets for biofuels,with mandatory blending targets set annually for various types of biofuels,accompanied by tax incentives and punitive measures to ensure the widespread use of biofuels in the transportation sector.As one of the most proactive regions in global biofuel policies,the European Union requires member states to achieve a minimum of 29%renewable energy share or 14.5%greenhouse gas emissions reduction in transportation energy final consumption by 2030.The EU has also established a biofuel alliance database and sustainability standards for biofuels.Indonesia has increased the proportion of biodiesel added in the transportation sector to 30%and provided significant subsidies,making it one of the countries with the highest proportion of biodiesel added globally.

Under the requirements of global carbon peak and carbon neutrality goals,ICAO and IMO will continue to promote the green and low-carbon development of aviation and maritime transportation.After they propose the net zero emission target,more specific policy measures and standard requirements will be implemented,which will provide more practical and feasible support for the development of biofuels.Governments around the world will continue to support the development of related industries such as biofuels,and encourage the production and use of various low-carbon clean energy sources,including biofuels,through more comprehensive legislation,low-carbon market mechanisms,fiscal and tax policies,and other means.

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