Financial Advisor magazine
(Bloomberg News) Biofuels face their biggest test yet -- whether they can power fighter jets and tanks in battle at prices the world’s best-funded military can afford.
The U.S. Air Force is set to certify all of its 40-plus aircraft models to burn fuels derived from waste oils and plants by 2013, three years ahead of target, Air Force Deputy Assistant Secretary Kevin Geiss said. The Army wants 25 percent of its energy from renewable sources by 2025. The Navy and Marines aim to shift half their energy use from oil, gas and coal by 2020.
The military’s drive to cut dependence on oil, coal and gas goes beyond biofuels. It’s developing wind and solar farms to power U.S. bases and expanding the use of renewables into combat zones such as Afghanistan, where a study last year showed one Marine is killed or wounded for every 50 fuel and water convoys.
Under a 2005 law, federal government facilities must source at least 5 percent of their electricity from renewable sources in 2010-2012, and at least 7.5 percent afterward.
Image via WikipediaPresident Barack Obama on Aug. 16 announced the Navy and Departments of Agriculture and Energy would each plow $170 million over three years into the commercial development of biofuels, with the aim of generating at least as much in private investment. The Navy aims to ramp up its biofuels use to 3 million gallons in 2016 from 900,000 gallons next year.
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