Biofuels are derived from biomass, such as from plants or agricultural and industrial biowaste. Read more at straitstimes.com.
NEW DELHI – As the world revs up its clean energy transition, biofuels have come to command greater attention at the global high table.
While Singapore cannot be a significant producer of biofuels given its limited land and agricultural resources, MTI said the country can nonetheless play an important role in other areas such as biofuel processing and trading. Another sticking point is deforestation to clear land needed to grow biofuel feedstocks. Such unsustainable production has a negative impact not just on biodiversity, but also on the ability of natural habitats to capture carbon.
Besides securing the supply of biofuels and ensuring they remain affordable, the alliance will support development and deployment of “sustainable biofuels”. A May 2023 report by the organisation suggested that India augment its declining arable land availability by reviving fallow tracts to produce crops, including for biofuels.
“Ideally, countries should avoid distorting markets through subsidies and mandates, or at the least maintain flexible biofuel policies that suspend mandates and subsidies when feedstock supplies are low and prices high,” said Dr Joseph Glauber, a senior research fellow with the International Food Policy Research Institute in Washington, DC.
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