Biofuel
Definition of 'Biofuel'A type of energy derived from renewable plant and animal materials. Examples of biofuels include ethanol (often made from corn in the |
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Investopedia explains 'Biofuel'Individuals concerned about energy security and carbon dioxide emissions see biofuels as a viable alternative to fossil fuels. However, biofuels also have shortcomings. For example, it takes more ethanol than gasoline to produce the same amount of energy, and critics contend that ethanol use is extremely wasteful because the production of ethanol actually creates a net energy loss while also increasing food prices. |
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