Energy Infrastructure Development helps economies
Forbes: Biofuel's Bright Future
Forbes Magazine reports that the biofuels industry is "...creating new markets, renewable-energy jobs, entrepreneurial wealth, and a cleaner, more prosperous and brighter energy future." Investments in biofuels have led to emerging market nations such as China to use ethanol or biodiesel in up to 5% to 20% of total transport consumption replacing dependence on foreign oil.
Biofuel is the leading source of energy in many developing nations, with many poorer residents using charcoal or carbon-heavy forms of fuel for home heating. It is important to diversify energy sources for multiple reasons ranging from its impact on the environment, the health of individuals, to the economic impact of over-reliance on single sources.
Over time, the two ways of dealing with this issue will be to broaden both the number of sources available for biofuels themselves and also to expand the power grid within developing countries to reach deeper into smaller population centers.