Abstract

Developing countries are becoming more aware about the role of fossil fuels as being one of the highest barriers against developing their industrialization process. On the other hand, industrialized countries constantly emphasize the need to create new alternatives to energy, generate renewable energies, or to break or relieve their dependence on oil and hence avoid being subject to oil price fluctuations. In addition, global warming and greenhouse gas (GHG) emissions have been holding world attention (A. P. C. Faaij & Domac, 2006). Answers to this problem so far include international agreements, national policies, industry and academic research, and new technology.

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