Workshops: Biofuels for green economy
Workshops:  Biofuels for green economy

The proposed workshop on “Biofuels for Green Economy” is highly relevant for the overall G20 theme of “Recover Together, Recover Stronger”. In particular,this workshop is directly related to one of the three Leader-level priorities, namely “Energy Transitions”. Biofuels are an important part of clean energy transitions. They are especially critical for long-haul transport, for which few sustainable alternatives are commercially available. From an end-user perspective, drop-in biofuels represent an important solution that can be scaled-up quickly, with minimal distribution or vehicle-related barriers. This is a determining benefit for a world that faces urgency to recover from the Covid crisis, but needs to keep in mind its long-term sustainability goals. There is room to further expand the use of biofuels in a sustainable way, but rapid expansion can be limited by supply constraints. Further widening the raw material base would make biofuel supply more responsive and resilient to sudden changes in demand. Innovation can play a crucial role by unlocking new sustainable feedstocks, including from waste and residues. More in general, biofuels are also central to the green economy, defined by UNEP as “an economy that improves human wellbeing and social equity while significantly reducing environmental risks and ecological scarcities”. As a matter of fact, the production and use of sustainable biofuels can also deliver multiple socio-economic benefits such as increased diversity and security of energy supply, improved access to modern energy services, improved local air quality, economic development, and job creation. In particular, increased biofuel demand can provide new economic and job opportunities in rural communities. It is estimated that 2.4 million people were employed in the biofuel sector in 2020, with the bulk of these jobs linked to feedstock cultivation and harvesting. Furthermore, biofuel feedstocks integrated into good farming and land management practices, can improve ecosystem function by improving local soil and water quality, reducing and filtering agricultural runoff, reducing soil erosion, diversifying land cover, and increasing soil carbon storage.

Gallery

Survey Side Events