Biofuels has become disruptive technology to the energy market

摘要

In this study, the research showed that the success of a disruptive energy technology like biofuels depended on: (a) the politics and the leadership of the industry related to the disruptive energy technology; (b) minimizing the social and ecological disruption associated with the disruptive energy technology; (c) a decline in the fossil fuel's supply; (d) an increased in the global demand for energy; (e) the sustainability of the disruptive energy source; (f) using the disruptive energy technology to create an assessable opportunity; and (g) investment risk. This paper concludes that sustainable fuel source such as biofuels has increased local employment while increasing sales in the production of related products. The multiple geographies and technologies surrounding the production of a sustainable fuel resource such as biofuels has also increased risk to the investors.