IEA official: biofuels to play "limited" role

While there is growing momentum in the U.S. behind ethanol, biodiesel and other alternative fuels, an economist with the International Energy Agency cast doubt this week at OTC on the overall role biofuels will play in serving the world’s energy needs in the future.
Fatih Birol said the use of biofuels and improvements in automotive fuel economy will help offset increases in fuel consumption as developing nations and established ones buy more cars.
“But we should be aware that the impact of biofuels is very limited,” he said.
Biofuels now account for less than 1 percent of the world’s fuel consumption. In 25 years, he predicts, even with an expansion of the industry, biofuels will not represent more than 7 percent of the fuel the world uses to power its vehicles.