A brand new report has been released through the USDA’s
Economic Research Support that overviews the growth from the global biofuels
industry. Authored by Jayson Beckman, an economist with USDA ERS, the actual
report, “Biofuel Use in Worldwide Markets: The Importance of Trade, ” focuses on
the favorable market circumstances and policies that have resulted in remarkable
international growth within biofuels.
The study found which global biofuel production
increased rapidly from 2001 in order to 2013. For the largest producers-the U.
S., Brazil, and also the EU-biofuel production increased 462 percent. Most of
the rapid development, however , was before year 2011. The report shows that
right after 2011, growth still happened but at a much reduced rate. “Moderating
prices, combined with the saturation of the corn ethanol market in the United
States, increased the value of energy policies as a way to assist sustain
biofuel production as well as consumption during this second stage, ” the report
mentioned. Several countries outside of the 3 major producers, however , skilled
rapid growth in biofuel-especially biodiesel-production during this time of
“slowed growth. ”
While biofuel production growth slowed internationally
beyond 2011, the statement indicates that trade more than doubled due to
favorable market problems and energy policies mandating use of renewable
fuels.
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