Countries around the world have seen record gas prices this past month. To alleviate the reliance on crude oil – the Global Renewable Fuels Alliance is calling on those gathered at the G8 Summit and Organization for Economic Cooperation and Development’s annual International Transport Forum to adopt the International Energy Agency’s Technology Roadmap. The strategies in the roadmap include seeing biofuels account for more than one-quarter of the world’s transport fuels by 2050.

Bliss Baker – GRFA Spokesperson – says the alliance has long advocated that biofuels are the best way for the world to reduce its reliance on crude oil. The roadmap contains several findings that will improve energy security, reduce CO2 emissions in transport and reduce dependence on foreign oil. Two economists actually found the presence of ethanol in the U.S. kept gas prices 89-cents lower per gallon last year than they would have been otherwise. Baker says it’s imperative that the G8 and OECD recognize the vital role biofuels can play in solving some of the world’s energy security problems.