Middle East Economic Survey

VOL. XLVII

No 25

21-June-2004

SUPPLY/DEMAND

Biofuels Can Replace Substantial Amount Of Petroleum In Transport, Says IEA

Biofuels have the potential to displace a substantial amount of petroleum used in transportation over the next few decades, and a clear trend in that direction has begun, according to the International Energy Agency (IEA). In the book Biofuels For Transport: An International Perspective, published in May, the IEA said: Compared to petroleum, the use of...