Cheap biofuel from algae replaces oil by 2030

Wild Card submitted by Tuomo Kuosa   / Comments (0)
Cheap biofuel from algae replaces oil by 2030

Issue (WIWE) status: Submitted, Unpublished

Wild Card's progress: Basic

This Wild Card came from: 
European Commission Framework Programme for RTD

The theme/scheme related to this Wild Card: 
Theme 5 - Energy

The sub-theme that best relates to this Wild Card: 
Knowledge for energy policy-making

Likelihood timeframe and scenario features : 
now-2050

Wild Card's description: 

By 2030 algae finally fully replaces oil, not only in transportation, but in all production where black oil used to be used such as plastic, rubber, and electricity production. Oil remains in the energy markets, but due to new taxes and increasing pumping costs it is more expensive than biofuel and therefore much less used.

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