Economics and Business Management

This article analyzes the foreign experience of the production and use of biofuels in the transport sector. In the conditions of the energy transition period to renewable energy sources, the analysis of best practices in the use of alternative fuels by one of the main energy consumers—the transport sector—is relevant. Achieved the solution of economic, environmental, and technical tasks of interest to reform the energy system based on fossil fuels. Generalization and analysis of the factors determining the prospects for development and selection of “drivers” of the biofuels market in the transport sector are tasks of this work. A comparative analysis of the consumption and production of alternative fuels, the structure of consumption of fossil fuels and biofuels, dictated by the features of national energy systems and economic conditions, allowed us to identify situational factors and their influence on the perception of global trends. A comparison of forecasts for the fuel market of energy-importing countries and suppliers, traditional energy carriers, revealed differences in assessing the role and degree of influence of price and technological factors on the prospects for replacing fossil fuels with biofuel. The forecast of indicators of the dynamics of the biofuel market is characterized by a high value of variation, since the pick-out key energy substitution technologies are at the initial stage of the life cycle. An analysis of the experience curve obtained for first-generation biofuels can be used in predictive calculations. The results of a retrospective analysis of the biofuel market can be used as the basis for a factor model and, taking into account situational factors, be used to assess the conditions of the energy transition of national economies. To justify the energy subs tu on policy in transport, the more promising we think the implementation of applied LCA-es mates for the conditions of a particular socio-economic system, taking into account the established methodology

biofuel market; energy transition; energy efficiency; present value of vehicle ownership; alternative fuel price competition