Biofuels are fuels produced from biological material and waste rather than fossil fuels. They contain over 80% renewable materials and are derived from photosynthesis, making them a solar energy source. While biofuels can be less expensive than gasoline and emit fewer emissions, their production can also increase food prices and produce unpleasant smells. New technologies could allow biofuels to displace 50% of global fuel supply without affecting food or pasture. However, many biofuel technologies require more development work to become viable alternatives to fossil fuels by 2050.