Carbon Accounting Vital In Biofuel Policies Around The World: IEA Sound regulatory frameworks supported by transparent, science-based carbon intensity calculations will be required to attract the investments needed to scale up biofuel production.

By Priyanka Tanwer

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Photo Curtesy: IEA

In its recent report on carbon accounting for sustainable biofuels, International Energy Agency (IEA) has emphasised the need for robust verification process in carbon intensity calculations.

"The development and use of transparent and internationally agreed GHG accounting is key for the deployment of sustainable biofuels," IEA stated.

According to the report, sustainable biofuels play an important role in decarbonising transport. They complement the carbon reductions offered by electric vehicles and other energy efficiency measures in road transport and are expected to play an increasing long-term role in aviation and shipping. Sustainable biofuels can also provide benefits in terms of energy security and job creation, including in rural environments.

It said that sound regulatory frameworks supported by transparent, science-based carbon intensity calculations will be required to attract the investments needed to scale up biofuel production.

"Policy measures include additional effort and attention to verify GHG reduction effects in practice, as emission reduction calculations can be unreliable," the report added.

The report has also suggested key policy priorities and stated that GHG accounting relies on lifecycle assessments (LCAs) that are highly data-intensive and entail consistency-and representatively-related challenges. Data should come from credible, publicly accessible sources that can be cited and used for replicable analyses that strive to represent relevant geographical contexts and situations.

"Establish policies that reward better GHG performance and drive continuous improvement. The carbon intensity of a biofuel pathway, expressed in gCO2-eq/MJ, can be influenced and significantly improved over time if supportive policies are in place," it added.

IEA in its report says that promoting improvements in agricultural management is crucial to boost agricultural efficiency and yields; increase land productivity (through the use of cover crops and multicropping); and enhance soil carbon stocks (by employing sustainable practices and applying organic soil improvers such as biochar and biofertilisers). "Collaboration with the agriculture sector is essential to promote improvements in crop-based biofuel sustainability while addressing the broader issue of sustainability in agriculture in general," it said.

Meanwhile, it also suggested that Including biofuel co-products and waste in support measures and fostering positive synergies with other sectors can create a ripple effect in GHG emission savings from biofuel production.

Priyanka Tanwer

Former Sr. Correspondent

  
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Growing a Business

Free Webinar | November 19: Rise Above the Noise: How to Build Your Personal Brand to Grow Your Business

Join Beth LaGuardia Cooper, CMO of Advantage Media, and our panel of brand building experts on November 19th to discover how to turn your personal brand into your most valuable asset. Register now!

Business News

You Should Learn How to Vibe Code, Says Google Brain Founder

Andrew Ng recommends using AI to create code instead of writing it out manually.

Starting a Business

Why You Don't Need to Be an Expert to Start Your Business

On this episode of "America's Favorite Mom and Pop Shops®," learn how understanding people — and listening to data — helped this entrepreneur with no professional cooking experience open Poppy's, a thriving café in Brooklyn.

Growing a Business

10 Growth Strategies Every Business Owner Should Know

Effective growth strategies are vital for businesses aiming to achieve sustainable growth and long-term success.

Growth Strategies

Hyundai Motor India: Upping the Ante With New Launches

According to Tarun Garg, MD & CEO Designate, by 2030, 80 per cent-plus of Hyundai's portfolio will be SUVs and MPVs