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Advanced Bio-Liquid Fuels: An Important Means to Achieve Carbon Neutrality in Transportation

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Annual Report on China’s Petroleum, Gas and New Energy Industry (2022–2023)

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Abstract

Peaking carbon emissions and achieving carbon neutrality is not only an environmental issue, but also a development issue. Achieving the goals is an important opportunity for China to transform to a green and sustainable development model. The annual CO2 emissions from the global transportation sector have exceeded 7.2 billion tons, accounting for 23% of the total emissions, and its reduction is of great significance to achieve carbon neutrality. For a long time, fossil energy will remain an important part of transportation energy supply, and promoting the use of advanced bio-liquid fuels with excellent emission reduction properties can effectively reduce carbon emissions in the transportation sector. In the future, advanced bio-liquid fuels will keep pace with the changes in the transportation sector by expanding into hydrogen energy and other fields. This paper examines the demand for advanced bio-liquid fuels in the transportation sector, focusing on the market situation, technology status and emission reduction potential of three representative products: ethanol, biodiesel and sustainable aviation fuels. As an important means to achieve carbon neutrality in the transportation sector, this paper looks into the future of advanced bio-liquid fuels in China.

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Correspondence to Xiaozhou Xue .

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Xue, X., Min, J., Yu, B., Wang, M., Zhang, G., Wu, G. (2024). Advanced Bio-Liquid Fuels: An Important Means to Achieve Carbon Neutrality in Transportation. In: China International United Petroleum & Chemicals Co., Ltd., Chinese Academy of Social Sciences, Peking University (eds) Annual Report on China’s Petroleum, Gas and New Energy Industry (2022–2023). Current Chinese Economic Report Series. Springer, Singapore. https://doi.org/10.1007/978-981-99-7289-0_15

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  • DOI: https://doi.org/10.1007/978-981-99-7289-0_15

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  • Publisher Name: Springer, Singapore

  • Print ISBN: 978-981-99-7288-3

  • Online ISBN: 978-981-99-7289-0

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

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