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Nowadays, world development depends on the energy supply. The use of fossil fuels leads to two threats: depletion of resources within a single century and climate changes caused by the emission of CO2 from fossil fuels combustion. Widespread application of renewable energy sources, in which biofuels play a major role, is proposed as a counter-measure. The paper made an attempt to evaluate to what extent biofuels meet the criteria of sustainable development. It was shown that excessive development of biofuels may threaten the sustainable development paradigms both in the aspect of: intergenerational equity, leading to an increase of food prices, as well as intergenerational equity, resulting in degradation of the environment. The paper presents the possibility of sustainable biofuels production increase.
