Biofuels Prize: Overview
The first Prize CapitalSM Earth 2.0SM program is the Biofuels Prize for small scale decentralized renewable energy.
The Prize CapitalSM Biofuels Prize will accelerate development of breakthrough technologies for sustainable, small-scale decentralized biofuel production systems for liquid transport fuel. Prize rules will produce a winning technology that is energy- and cost-efficient, sustainable and compatible with today’s infrastructure. Importantly, the result will be decentralized and scalable, supporting distributed production that is close to farms and suitable for villages, coops, and neighborhoods including rural and developing regions.
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About Biofuels
The Biofuels Prize will inspire talented competitors from all over the world to search for solutions while there is still time.
There is a great deal of progress required to improve the sustainability of our energy demands by reducing its overall carbon footprint. Biofuels is a particularly important component of this global push for sustainability. It has become increasingly clear that current methods for producing biofuels may adversely affect biodiversity and food supply.
Articles
Recent science journals and articles have reported on the controversies surrounding biofuels, from natural resource use for agriculture for fuel versus food crops to the greenhouse gas impact of biofuels. With broad input, the prize can be designed to address and overcome these issues.
