According to Lux Research, global road transportation accounts for a sixth of all global CO2 emissions and its share is rising, making it a key target for emission cuts to fight climate change.
“Global warming remains at center stage, and significant strides need to be made in road transportation technologies to achieve the goal set for 2030,” said Yuan-Sheng Yu, Lux Research Analyst and lead author of the report titled, “Driving Down Emissions: Achieving CO2 Emissions Reduction Goals through Biofuels and Alternative Fuel Vehicles”, which is released as part of the Lux Research Alternative Fuels Intelligence service.
The company sees biofuel as key to acheiving a decrease in CO2 emissions. “Low-carbon biofuels like cellulosic ethanol, renewable diesel, and biomethane have lower well-to-wheel carbon intensities compared to their first-generation counterparts and play a pivotal role in cutting emissions, as does renewable electricity, Yu added.
Lux Research has evaluated measures needed to meet emission targets set at COP21. Among their findings they determine that biofuels, along with low-carbon fuels and natural gas vehicles, will account for at least 45.4% of the potential fossil fuel displacement in road transportation in 2030. Lux Research also reports that low-carbon biofuels will be the key driver in achieving 2030 emissions reduction goals.