DBPapers
DOI:10.5593/SGEM2013/BE5.V2/S21.007

BIO-ECONOMY AND A SUSTAINABLE MARKET FOR BIOFUELS

A. Lenerts, V. Strikis
Tuesday 6 August 2013 by Libadmin2013

References: 13th SGEM GeoConference on Ecology, Economics, Education And Legislation, www.sgem.org, SGEM2013 Conference Proceedings, ISBN 978-619-7105-05-6 / ISSN 1314-2704, June 16-22, 2013, Vol. 2, 49 - 56 pp

ABSTRACT

To comply with the requirements of EU Directive 2009/28/EC for using renewable energy sources (RES) in Latvia, the agricultural industry has to become a significant supplier of resources to energy producers and consumers. Agricultural crops have always been used for the production of food, feed, fibre, and fuel. Already in 2003, the program "Biofuel Production and Use in Latvia (2003-2010)" was approved. The approval of the program laid the foundations for a biofuels market. Biofuel production satisfies the domestic market demand, as well as the excess is being exported. At the end of the program, the government stopped supporting the biofuels industry. First-generation biofuel production is not competitive without government support. First-generation biofuel production technology could not overcome the development of the valley of death. Only the creation of bio-economy-based technologies for biofuel production can ensure its competitiveness.

Keywords: biofuels, bioethanol, biodiesel, market, bio-economy