The International Energy Agency recently released its third annual Medium-Term Renewable Energy Market Report (MTRMR) forecasting a modest rise in global biofuels production between now and 2020. In 2013, global biofuels production rose by almost 7%, reaching more than 115 billion litres. This is 3 billion litres higher than predicted in the IEA’s MTRMR 2013. In Brazil, ethanol output was boosted by a higher-than-expected sugar cane harvest that led to a 2 billion L additional ethanol production compared to the previous forecast. In the United States, ethanol production rose marginally in 2013, as the effect of elevated corn prices resulting… Login to continue

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