The Biofuture Platform calls on governments to implement IEA’s Five Principles for Post-COVID Bioeconomy Recovery

In Brazil, the Biofuture Platform, a multi-stakeholder initiative facilitated by the International Energy Agency (IEA) and designed to take action on climate change by promoting international coordination on the sustainable low-carbon bioeconomy, has responded to the almost 12% drop in biofuel output in 2020 announced in the IEA’s Renewables 2020 report. 

The Platform urges countries, governments and corporations to implement its Five Principles for Post-COVID Bioeconomy Recovery, which would not only accelerate the decarbonization of the energy sector but also create jobs. The IEA Sustainable Recovery Plan shows that biofuels could be a very cost-effective way to create employment in the energy sector, as they have the second-largest number of jobs (15-30) created per million dollars of spending.