First-movers will capture outsized returns in South-east Asia’s biofuels market
To get on track with climate goals, the transport industry needs a dramatically new energy mix – with biofuels taking up a larger share of the basket
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THE path to decarbonisation is constrained by harder-to-abate sectors, such as trucking, shipping and aviation. Transport contributes more than a third of CO2 emissions from end-use sectors, according to the International Energy Agency, and these sectors aren’t reducing emissions at the rate needed to achieve global decarbonization goals.
If “business as usual” continues, emissions in these sectors are projected to rise, or even double.
To get on track with climate goals, the transport industry needs a dramatically new energy mix – with biofuels taking up a larger share of the basket.
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