This document discusses drivers and opportunities for biofuels in Victoria. It outlines key strategic drivers like climate change, peak oil, and energy security that are pushing the development of biofuels. The document also notes potential barriers to biofuels like public acceptance issues and competition from other low-emissions transport options. It concludes that while biofuels still face challenges, governments are investing in the industry and technologies are improving, so conditions may be right for increased biofuel production and use.

1. Biofuels in Victoria – Drivers and Opportunities Michael Williamson – Sustainability Victoria August 2009

5. Biofuels – the 2020 view from McKinsey Company Biofuels - cost negative abatement

10. Australia’s CO 2 Position Sources: International Energy Agency, 2006d; International Monetary Fund, 2007

12. Crude Oil – Global Producers

13. Crude Oil – Global Consumers

14. Crude Oil and CO 2 Source: US Department of Energy

15. Crude Oil and Volatility Aug 2009: $70 bbl

16. Peak Oil ‘ the point in time when the maximum rate of global petroleum extraction is reached, after which the rate of production enters terminal decline’ Source: www.theoildrum.com

17. Geopolitics and Biofuels

18. Geopolitics and Biofuels

19. Is the Stage Set for Biofuels? Source: McKinsey Analysis http://www.mckinseyquarterly.com/Betting_on_biofuels_1992

20. Victorian Biofuels Roadmap

23. Thank you Michael Williamson Ph: 03 8626 8737 [email_address] www.sustainability.vic.gov.au

24. Resources www.sustainability.vic.gov.au www.dpi.vic.gov.au www.climatechange.vic.gov.au www.greenhouse.gov.au