| Issue |
E3S Web Conf.
Volume 280, 2021
Second International Conference on Sustainable Futures: Environmental, Technological, Social and Economic Matters (ICSF 2021)
|
|
|---|---|---|
| Article Number | 05005 | |
| Number of page(s) | 6 | |
| Section | Sustainable Energy | |
| DOI | https://doi.org/10.1051/e3sconf/202128005005 | |
| Published online | 30 June 2021 | |
World market of liquid biofuels: trends, policy and challenges
1 Sumy State University, International Economic Relations Department, 2 Rymskogo-Korsakova Str., Sumy, 40000, Ukraine
2 Kherson Economy and Law Institute, Department of Finance and Credit, 130 Krimskay Str., Kherson, 73028, Ukraine
3 Sumy State University, Department of Marketing, 2 Rymskogo-Korsakova Str., Sumy, 40000, Ukraine
4 Riga Technical University, The Institute of Building Entrepreneurship and Real Estate Economics, 1 Kalku str., Riga, LV-1658, Latvia
* Corresponding author: ye.hyrchenko@uabs.sumdu.edu.ua
This paper aimed at studying the current state of development of liquid biofuels’ world market. The authors considered the theoretical bases of liquid biofuels production, their types, disadvantages and advantages. The world experience of introducing stimulation mechanisms of development and their influence on the sectors’ growth is analyzed. In this study’s frame, there is outlined the world leaders in the production of liquid biofuels. The findings represent the peculiarities of state regulation in implementing mandates for creating transport fuels with bioliquids. The current state of investment in the production of liquid biofuels was investigated. The obtained results contribute to the prospects for promoting world production of liquid biofuels to achieve the Paris Agreement’s goals by 2030 under the sustainable development scenario.
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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