The World Bank in a report said political considerations, entrenched behavior and a lack of appropriate financing systems are the chief obstacles to environmentally friendly development.
Researchers have developed a process in producing low cost, renewable biofuels from bacteria. They have reprogrammed photosynthetic microbes to secrete high-energy fats, making byproduct recovery and conversion to bio-fuels easier and potentially more commercially viable.
Japanese automakers along with ten energy firms are making a renewed push behind Fuel Cell Vehicles (FCVs), which covert hydrogen into electricity and emit nothing more harmful than water vapor.
Farm wastes and biomass are significant sources of alternative energy in the Philippines. Based on a United Nations Development Programme and World Bank estimate, the country can sustain an annual biomass yield of 105 million tons of wood equivalent to 270 million barrels of oil fuel.
A greenhouse facility would be opened by Exxon Mobil Corporation to test whether large scale quantities of affordable fuel can be produced from algae.