Published in Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 23 ISSUE 3
Written by Liviu MARCUTA, Maricel CAZACU, Alina MARCUTA

Considering the current trends regarding the reduction of greenhouse gas emissions, the protection of the environment and the need to ensure food security, as well as the role that biofuels have in achieving these objectives, in this paper we proposed to analyze the evolution of the biofuels market in the period 2010-2022, but also its prospects for the next period. The research methodology assumed both the bibliographic study of the specialized literature, as well as the collection, processing and interpretation of existing statistical data in the internal (INSSE) and international databases (Eurostat, FAO), which were the basis for formulating the conclusions regarding the future evolution of the biofuels market. At the same time, community documents were presented and analyzed that regulate the use or reduction of the consumption of biofuels, in the perspective of achieving some objectives of a neutral continent. Thus, it can be seen that both at the world level and at the community level, in the period 2010-2022 there were increases in both production and consumption of biofuels, with the exception of the period 2020-2021, when due to the Covid-19 pandemic decreases were recorded. Worldwide production increased by 223% in 2022 compared to 2010, and consumption increased by 119%. At the community level, production increased by 125%, and consumption by 117%. These increases in turn influenced price increases. Regarding the estimates for 2027, at the European level, the directives related to environmental protection and the reduction of greenhouse gas emissions will have the effect of reducing production and consumption. At the level of other developing countries, the production and consumption of biofuels will continue to be supported through financial aid.

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