The influence of policies in commercializing biofuels and bioproducts from woody biomass

The global nations are under pressure to develop a renewable and environmentally friendly fuel/technology from sustainable feedstock, such as woody biomass, to reduce greenhouse gas emissions and meet the energy demand. But several factors must be addressed to achieve the daunting task, which includes technological advancement, financial viability, environmental sustainability, and finally government backing in the form of sensible regulations and increased public awareness. To reduce the world's reliance on fossil fuels and ensure a sustainable future, biofuel policies are crucial. The production of biofuel from woody biomass makes the system not only to reduce the cost of the feedstock but also to decrement the dependency on first-generation feedstocks, which dominates the present biofuel market. Hence, this chapter deals with the need for governing bodies to draft an effective policy for the successful adoption of woody biomass–based biorefinery technologies to mitigate global emissions and to fulfill the growing energy demand thereby enabling a sustainable economy.