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In addition, the incentives for alternatives - such as hydro, solar, nuclear and - crucially biofuels - grow exponentially.
The interest in biofuels to replace fossil fuels has led to the suggestion that GM herbicide-tolerant oilseed rape and sugar beet could both be used improve production efficiency.
The U.S. Department of Energy aims to replace 30 percent of the liquid petroleum transportation fuel with biofuels by 2025.
An EU Commission action plan on alternative fuels for transport identifies biofuels as the most realistic substitute for conventional petrol and diesel in the short term.
Organised by the Green Party, Wednesday's conference in the Seven Oaks Hotel looked at biofuels and the need to decrease our dependence on fossil fuels in line with Ireland's commitments to EU directives and the Kyoto Protocol.
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