Growing algae not only provides a renewable source of biofuel, but also produces many societal benefits.
Algae production creates green-collar jobs in struggling areas, like California’s Imperial Valley, which has an unemployment rate of more than 20%. The SANDAG 2011 report on the Economic Impact of Algal Biofuel Research estimates a current payroll of approximately $41 million and growing in the San Diego region alone.
Outreach and educational programs create public awareness and acceptance of algae as a biofuel option. Publicity and activities that promote algae provide a new avenue to raise overall awareness of our environment.
Algae biofuel development prompts creation of policies for proper oversight. These policies can help safeguard natural resources.
Algal research contributes to the development of regulatory issues for the cultivation of genetically-modified algae.