Driving Down Emissions: Achieving CO₂ Emissions Reduction Goals through Biofuels and Alternative Fuel Vehicles

March 20, 2016 | State of the Market Report

Global warming returns to center stage as a global agreement on climate change was reached at 21<sup>st</sup> session of the Conference of the Parties (COP21). Of 34 billion tons (GT) of global CO<sub>2</sub> emissions in 2015, road transportation made up 5.7 GT and has steadily increased over the years. With Intended Nationally Determined Contributions (INDC) pledges from nations accounting for nearly 99% of global yearly CO<sub>2</sub> emissions, significant strides must be made in biofuels and alternative fuel vehicles to achieve the goal set for 2030. The transition of the biofuels industry towards low-carbon biofuels in combination with market penetration of alternative fuel vehicles and improved vehicle technologies are pivotal in reducing global road transportation CO<sub>2</sub> emissions.

Coverage Areas

  • Alternative Fuels
  • Energy Storage
  • Owning the Energy Transition

Table of Contents

  • Executive Summary
  • Landscape
  • Analysis
  • Outlook
  • Endnotes

Lead Analyst

Yuan-Sheng Yu
Senior Analyst

Contributors

Victor Oh
Brent Giles, Ph.D.

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