While current regulatory processes have created goals and procedures for monitoring low-carbon fuels and bettering the performance of automobile engines, they are not yet sufficient to support the market adoption of advanced biofuels. If the 2030 targets are to be realised, their efficient market roll-out must happen right away, as reported by Science Direct.
Policy interventions
According to a new paper that was just released on Elsevier and is based on the work of the ADVANCEFUEL project, the integration of tailored policy interventions that can overcome obstacles and enhance upstream and downstream performance will continue to play a significant role in future deployment of advanced biofuels in market shares that can contribute to decarbonization.
Future policy creation at all levels of governance must incorporate tailored policy interventions along the advanced biofuels value chain (feedstock production, conversion, and end usage).
- Sustainable biomass feedstocks are present in Europe, but their efficient and timely mobilisation remains a challenge which requires synergies with agriculture, forestry, and rural land-use planning. Flagship and demonstration initiatives, including new business models, for biomass supply with either industrial or regional cooperative lead, are needed across different regional climatic and ecological zones within Europe.
- Innovations in conversion pathways development involve high capital costs and thus high financial risk; measures to facilitate this must be introduced.
- Advanced biofuel value chains must be deployed before 2030 to ensure the timely shift from fossil and achieve decarbonisation. Their market uptake in aviation, maritime and heavy-duty road must be prioritised.
- A carbon pricing intervention, which will consider the external costs of fossil fuels, is expected, with rare exceptions, to make advanced biofuels cost competitive. Such a mechanism will improve their market roll-out and meet the 2030 targets whilst at the same time will allow other renewable fuels, such as electricity and hydrogen, to increase their market shares and commercialisation rates.
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Source: Science Direct
