Not every country has large reserves of crude oil. For them, having to import the oil puts a huge dent in the economy. If more people start shifting towards biofuels, a country can reduce its dependence on fossil fuels. More jobs will be created with a growing biofuel industry, which will keep our economy secure.
Lower Levels of Pollution
Since biofuels can be made from renewable resources, they cause less pollution to the planet. However, that is not the only reason why the use of biofuels is being encouraged. They release lower levels of carbon dioxide and other emissions when burnt. Although the production of biofuels creates carbon dioxide as a byproduct, it is frequently used to grow the plants that will be converted into the fuel. This allows it to become something close to a self-sustaining system.