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1. The companies which produce these fuels will get profit in cost.
3. Renewable: Most of the fossil fuels will expire and end up in smoke one day. Since most of the sources like manure, corn, switchgrass, soyabeans, waste from crops and plants are renewable and are not likely to run out any time soon, making the use of biofuels efficient in nature. These crops can be replanted again and again.
4. Reduce Greenhouse Gases: Fossil fuels, when burnt, produce large amount of greenhouse gases i.e. carbon dioxide in the atmosphere. These greenhouse gases trap sunlight and cause planet to warm. The burning of coal and oil increases the temperature and causes global warming. To reduce the impact of greenhouse gases, people around the world are using biofuels. Studies suggests that biofuels reduces greenhouse gases up to 65 percent.
5. Economic Security: Not every country has large reserves of crude oil. For them, having to import the oil puts a huge dent in the economy. If more people start shifting towards biofuels, a country can reduce its dependance on fossil fuels. More jobs will be created with a growing biofuel industry, which will keep our economy secure.
6. Reduce Dependance on Foreign Oil: While locally grown crops has reduce the nationâ€™s dependance on fossil fuels, many experts believe that it will take a long time to solve our energy needs. As prices of crude oil is touching sky high, we need some more alternative energy solutions to reduce our dependance on fossil fuels.
7. Lower Levels of Pollution: Since biofuels can be made from renewable resources, they cause less pollution to the planet. However, that is not the only reason why the use of biofuels is being encouraged. They release lower levels of carbon dioxide and other emissions when burnt. Although the production of biofuels creates carbon dioxide as a byproduct, it is frequently used to grow the plants that will be converted into the fuel. This allows it to become something close to a self sustaining system.
Disadvantages of Biofuels
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