Worldwide biofuel production continues to grow as new uses are found within the heat, power, and transportation sectors. As such, 2nd and 3rd generation biofuels, such as cellulosic ethanol and biodiesel from algae, are set to take an increasing share of the global energy mix. But what are the risks and impacts of a greater use of biofuels in terms of pricing, access to feed stocks, and overall reductions or increases in greenhouse gas emissions? What technologies are set to capitalize on the opportunities? This session will explore the role that next generation biofuels will play in driving the development of a lower carbon economy.