Biofuel and developing countries: Case in Brazil
This article was originally written by Natsuko Utsumi for World Bank’s web site.
As a result of rising world oil prices, concerns about energy security, and about climate change caused by CO2 emission from the fossil fuels, interest in biofuels as an alternative energy source continues to grow globally. Both the industrialized countries and developing countries have not ceased their pursuit of the commercialization of biofuels. In the case of developing countries, particularly oil-importing countries, biofuels are seen as a way to curb oil import, stimulate rural development and create jobs.