A PESTLE Analysis of Biofuels Energy Industry in Europe

Abstract

Biofuels production is expected to be an intrinsic confluence to the renewable energy sector in the coming years under the European regulations for renewable energy. Key standpoints of the biofuels promotions are the reduction of national carbon emissions and rural deployment. Despite jubilant outlook of biofuels for sustainable development, research efforts still tend to link the biofuel industry and regional growth. The aim of this study is to explore and review the biofuels industry through a socio-political, techno-economic, legal and environmental (PESTLE) analysis approach, and discuss the interrelation between technological facets and sustainable deployment.