| Summary: | Biofuels currently represent a potential source of renewable energy. As well as that could lead to major new markets for farmers. However, only some of the current biofuel programs are feasible, and most involve high social costs and environmental ironically. The economic, environmental and social impacts of biofuels are widely debated and needs to be carefully assessed before extending public support to programs of biofuels on a large scale.The country strategy on biofuels should be based on a thorough assessment of these opportunities and costs in the medium and long term. One factor to consider is that oil reserves will run out, experts say, in fifty years. This article presents the social and economic impact of biofuel production in industrialized countries and developing countries that are or could become, efficient producers in export markets and profitable new.
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