IEA says 3-fold or greater increase in biofuels possible by 2040

The International Energy Agency released its latest World Energy Outlook 2015, saying there are clear signs that an energy transition is under way. The report finds that the plunge in oil prices has set in motion the forces that lead the market to rebalance, and cautions that strong direction is needed from the upcoming United Nations conference on climate change in Paris, COP2.

Source: International Energy Agency, 10 November 2015

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