|17 November 2016|
An initiative to support the development of sustainable biofuels is being backed by 23 governments – major powers which account for 80% of the world’s investment in clean energy.
The Sustainable Biofuels Innovation Challenge was announced by Mission Innovation – an influential group of countries who committed to working together to accelerate the pace of clean energy innovation – at COP 22.
Governments are being called upon to pool resources and expertise to advance research and development, ‘with the goal of achieving performance breakthroughs and cost reductions for large scale production of advanced biofuels’.
A document produced by Mission Innovation to support the launch of the challenge stated: “If managed sustainably, biofuels are a renewable energy resource that can contribute significantly less GHG emissions and other air contaminants than fossil fuels. If climate targets are to be achieved, especially in the short and medium terms, biofuels have an important contribution to make.”