Biomass energy is the most widely used form of renewable energy worldwide, accounting for 7% of total energy consumption. Biomass energy uses a wide range of fuels including municipal solid waste, agricultural and forest waste and dedicated energy crops. It also includes a wide range of conversion technologies from direct burning to gasification to production of a liquid to substitute petroleum. The economic and environmental benefits vary widely within the selection of fuel and conversion technologies.
IFC has helped deliver over 600 megawatts of new biomass-fired power generation facilities, many using bagasse waste sugar cane. IFC aims to increase the use of biomass as a generating fuel when sourced sustainably from agricultural and forest products and municipal solid waste.