Adoption and Barriers of Biofuels

Abstract

The depletion of resources has led to the increase in demand of the renewable energy. Among the different sources of renewable energy bio fuel has considered essential due to various reasons like combating climate change, expansion of energy consumption, scarcity of resources and for maintaining the ecological sustainability. This paved the way for growth and significant rise in bio fuels. There are many purposes for biofuels considering as applicable technology for both developed and developing countries. As there are many technological opportunities for the adaptation of bio fuels there are also some hindrances for the growth of the bio fuels. The shortage of feedstocks, high production cost set up, difficult distribution facilities and fluctuation in market dynamics can be few barriers for the transition of the bio fuels. In this study, mainly focus on the different opportunities for the adaptations and barriers faced by the implementation of bio fuel.