Liquid Biofuels: Sustainable Development Analysis
https://doi.org/10.47703/ejebs.v4i58.24
Abstract
The ecological footprint of Hungary is close to the European average and we expect further growth. The projects of the Széchenyi 2020 program and the Hungarian Multinational Oil and Gas Company (MOL) promote the development of the green economy provide significant subsidies. The depletion of petroleum-derived fuel and environmental concern has promoted to look over the biofuel as an alternative fuel source. However, the production of biofuels is an expensive process. The rapid spread of biofuels created an agricultural expansion, contributing to rising water demands; however, that was already a serious international problem. The competition for agricultural areas has an impact of price increment because the excessive rate of energy crops can replace not only the same kinds of food crops but other (for example fodder) varieties. In our evaluation, the third generation of biofuels seems the ultimate solution for us in the following 25-30 years’ period.
About the Authors
Bulcsú Remenyik
Budapest Business School
Hungary
Hungary
Vasa László
Széchenyi István University
Hungary
Hungary
Dávid Lóránt
Szent István University
Hungary
Hungary
Varga Imre
Eötvös Loránd University, Savaria University Centre
Hungary
Hungary
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Review
For citations:
Remenyik B., László V., Lóránt D., Imre V. Liquid Biofuels: Sustainable Development Analysis. Eurasian Journal of Economic and Business Studies. 2020;58(4):5-25. https://doi.org/10.47703/ejebs.v4i58.24
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