The beginning of the XXI century was marked by a transitional period in the formation of the world energy system. The issue of energy saving is characterized by significant diversity and is a necessary strategic direction for the efficient use of production capacity with optimal energy costs. Intensive economic development and the use of non-renewable natural resources are currently of concern due to the danger of disturbing the ecological balance in the environment due to the burning of huge amounts of fossil fuels and emissions of various harmful substances. Biofuel production is becoming an alternative to traditional energy and can be a guarantee of solving problems of energy efficient and environmentally friendly development of rural areas. This work is a continuation of research work on the efficiency of biofuels production from energy crops and waste. The aim of the research is to assess the importance of biofuels production from the energy, economic and social aspects for sustainable development of rural areas of the world and Ukraine in particular. The conducted SWOT-analysis made it possible to determine the strategic directions of world biofuels production development. The results showed that biofuels production has a significant potential to decarbonize the economy, reduce reliance on crude oil, improve the environment by reducing emissions, create new “green” jobs in rural areas. The combination of social, economic and energy benefits will have a synergistic effect.

The development of the modern economic system is becoming increasingly dependent on the sufficient provision of quality energy resources due to the intensification and transformation of the mechanization and automation of all industries. The growth of the energy needs of society is parallel to the awareness of the need to ensure the environmentally friendly development of society. There are a number of reasons for the search for new energy sources, including the limited reserves of traditional sources, dependence on oil-exporting countries, the greenhouse effect due to the entry of carbon dioxide into the atmosphere and air pollution by harmful gases. The biofuel sector offers the potential for both the development of national agriculture and for increasing its energy independence. Global trends in the rapid development of bioenergy in combination with the systemic crisis of the energy sector in Ukraine have necessitated a detailed study on the possibility of increasing the yield of biofuels from crops. The economic and mathematical modeling of the possibility of increasing the yield of bioethanol and vegetable oil from agricultural crops has been carried out. An economic optimization model has been formed, which made it possible to study an increase in the yield of bioethanol from sugar-containing and starch-containing crops and vegetable oil from oil crops from 1 ton per 1 hectare of area. Also, an assessment of the lost yield for the investigated crops has been carried out using the method of analysis of the functioning environment (Farrell’s method).