Many nations employ a combination of energy sources, including nuclear, renewable, and fossil fuels. Nevertheless, oil still makes up a sizable portion of the energy mix in most countries, at least for the time being, despite a global move toward renewables. Energy production, vital infrastructure, industry, and transportation depend on oil (and its derivatives). The use of coal is quickly declining as alternative fuels, most notably natural gas, is replacing it. The worldwide natural gas supply issue shows how vulnerable our energy supply is.
Companies are not financially motivated by the current low oil prices, and political conflicts of interest and the lengthy implementation of laws that will help address climate change are also present. The future contributions of microbial biotechnology to the energy industry depend on convincing businesses and governments of their potential advantages. CRISPR-Cas9 has made it possible for biofuel production to develop significantly. Every stage in biofuel manufacturing uses enzymes made by bacteria, algae, and fungus, and gene editing is a very helpful tool. The majority of organisms utilised in the production of biofuels have undergone some form of genetic modification.
The Market Will Grow Due To The Need For Greener Fuel Alternatives:
The usage of third-generation biofuels is expanding due to the global hunt for cleaner, renewable alternatives to biofuels. Algae biofuel has distinguished itself as a viable option by outperforming second-generation biofuels made from crops. Biofuel is produced using algae such as Chlorella species, Botryococcus braunii, Crypthecodinium cohnii, and Nitzschia. A strong technological basis has been created for modern biochemical engineering approaches due to their implementation. As a result of on-going research and commercialization efforts, algae biofuel production is becoming economically and environmentally viable.
Long-term, renewable energy sources will predominate, but this calls for technology that optimises recovery from scarce resources while simultaneously minimising global warming. One of the most important challenge faced by humanity in the twenty-first century is ensuring global energy security while reducing environmental damage. In this new era, inventive technologies that improve resource management will be essential.