ABSTRACT
With oil prices in excess of US$60 a barrel, interest in bioenergy is running high. The energy needs of rapidly growing countries like China and India, together with unstable oil supplies, suggest that the days of cheap oil are over. Bioenergy offers an attractive alternative for many industrial and developing countries, but if its full potential is to be captured, then both the public and private sectors, working as partners, must make long-term commitments and investments in innovation. (IFPRI, 2006)
