COST-BENEFIT ANALYSIS OF BIOFUELS
Biofuels are sustainable, naturally biodegradable, non-harmful and ecological agreeable fuels. Biofuels are considered as the promising substitute of the fossil fuels (Wang et al., 2011). It is emphatically accepted that the creation and utilization of Biofuels can possibly give a concurrent pathway to country's advancement, business openings, contribute towards reducing emission and less reliance on fossil fuels (Schmer et al., 2008; Wang et al., 2011). Many natural sources are there to produce Biofuels, however photosynthetic plants are the most normally utilized base material to produce biofuels. Oilseed crops, grains, sugar crops, agricultural residues, trees and grasses are the commonly used natural sources of biomass (Koçar, 2013) . The basic purpose of this article is to analyze the economic factors associated with the production, utilization and socio economic challenges associated with the production and utilization of biofuels. Many governments are su...