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Biofuture Campaign

biofutures campaign

Goals

The mission of the Biofuture Campaign is to enable the reduction of GHG emissions and foster a circular economy by showcasing pathways by which countries, companies, and consumers can substitute sustainable bio- and waste-based Fuels, Chemicals, and Materials for their fossil equivalents. Efforts in hard-to-abate sectors of the economy, such as aviation, construction, maritime, mining, and road transport, will be strongly promoted in close cooperation and partnership with the private sector. 

To foster ambition and catalyze action, the Biofuture Campaign will develop and implement the Bio-based Substitution Challenge, whose signatories aspire to substitute bio- and waste-based Fuels, Chemicals, and Materials for 10% of their fossil carbon equivalent in relevant sectors and products by 2030, relative to a 2019 baseline.

Overview

Biofuture Campaign

The Biofuture Campaign falls under the Biofuture Platform Initiative (BfPI). The BfPI was launched at the 11th Clean Energy Ministerial in Riyadh, Saudi Arabia with the aim to raise international ambition and advance sustainable commercial scale bioenergy production, trade and use globally, thus making bioenergy a key enabler in the global clean energy transition. The BFPI builds upon four years of collaborative effort among the 20 founding countries of the Biofuture Platform.
The Biofuture Campaign will play a key role in mobilizing the necessary private sector engagement under the BfPI.


The opportunity

A concerted effort is required to accelerate the development and deployment of bio- and waste-based FCMs globally. Investments in this area are not growing quickly enough, and deployment suffers from a number of barriers, including early-stage scale challenges, financial risks, oil and feedstock price volatility and policy uncertainty. International and regional partnerships are needed to assist decision-makers identify policy mechanisms, de-risking tools, and modes of investment that are tailored to local resources.

The Biofuture Campaign will leverage its connections to the broader CEM community to highlight and illustrate the contributions that bio- and waste-based FCMs can make to the growing number of Net Zero (Carbon Emissions) campaigns, commitments, and pledges.


Why it’s needed

The Biofuture Campaign will seek to strengthen Biofuture Platform Initiative (BFPI) workstreams by providing a mechanism to create vibrant, engaged communities with Industry and NGO partners to work jointly on increasing and/or improving:

  1. Bioeconomy policy ambition
  2. Feedstock availability & sustainability governance, and 
  3. Sustainable & Climate Finance participation in the bioeconomy.



Social media

In the #NZE, modern #bioenergy supply rises to about 100 EJ by 2050 becoming the second largest source of energy supply after solar.
Read more about #bioenergyfacts https://biofutureplatform.org/wp-content/uploads/2022/09/Bioenergy-facts.pdf

#netzeroemissions #energysupply #biofuture

#UnicanaCOP27 - A Unica a partir de agora faz parte da campanha @Biofuture_ , esforço global para acelerar a transição energética, promovendo a economia circular e de #baixo #carbono em diversos setores.

@IEABioenergy and @Biofuture_ Platform have signed a Memorandum of Understanding (MoU) to implement collaborative activities in the field of #bioenergy.
The cooperation aims at accelerating the sustainable bioenergy and #bioeconomy development worldwide.
https://www.ieabioenergy.com/blog/publications/iea-bioenergy-and-biofuture-platform-agree-to-cooperate-to-help-accelerate-sustainable-bioenergy-and-bioeconomy-developments/

Biofuture Campaign co-organized a webinar with the Global Bioenergy Partnership and the Markets and Trade Division (EST) of the @FAO
Read more: https://biofutureplatform.org/news/webinar-advanced-liquid-biofuels-for-net-zero-how-to-ensure-sustainable-and-responsible-sourcing-in-supply-chains/

The morning session of the @IEABioenergy workshop in sunny Vienna showed developments in #biomethane. High value for speedy implementation as it is fully compatible with gas grids.

Collaboration is key to unlocking the potential of #lowcarbon #fuels. @CanadianFuels is proud to be a member of the @Biofuture_ Initiative and share our knowledge and expertise as we continue exploring multiple pathways to reach our collective #climate goals

#Drivingto2050

On the occasion of the Global Clean Energy Action Forum, Biofuture Platform Initiative organized a Sustainable Bioenergy and Biorefineries Roundtable. The participants consisted of 6 Ministers and 14 CEOs and Executives. Read more https://biofutureplatform.org/news/gceaf-roundtable-sustainable-bioenergy-and-biorefineries/

Biofuture Platform attended the Global Clean Energy Action Forum | CEM13/MI-7 USA, that took place from the 21st to the 23rd of September in Pittsburgh. Check our website to see what happened: https://biofutureplatform.org/news-and-events/
#GCEAF #cleanenergy #energytransition #decarbonization

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