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Because the first generation of biofuels was based on food crops, the G8 summit called on all countries to work toward giving up the first generation of biofuels, and strongly supported the development of second-generation products using materials such as cellulose.
The meeting emphasized the importance and focus of today's biofuel production and affirmed that the production line of ethanol from sugar cane is more viable and commercial. Competence and sustainability.
G8 summit: Biofuels play a key role in stabilizing oil prices
Nobuo Tanaka, executive director of the International Energy Agency (IEA), said at the Group of Eight summit in Lake Toya, Japan, from July 7th to 9th, that biofuels in the United States and Europe are currently in short supply of oil. The market is playing a key role. If there is no biofuel, the price of oil will rise even higher.