Due to the vertical growth in population and urbanization, food and fuel securities are the major challenges of the twenty-first century. Conventional fossil fuel (natural oil and gas) reserves are depleting very past compared to previous years and this led to the unfavorable consequences for the supply, price of fossil fuels and environment. To solve these, strenuous measures have to be taken to achieve climate stabilization, to conserve biodiversity, human wellbeing, global energy security and low-carbon energy supply inview of sustainable development on a local, national and international level. Production and utilization of biofuels is one such measure which is a form of renewable energy from biomass produced by the sun captured through natural processes of photosynthesis. Biofuels comprise a wide range of solid, liquid and gaseous fuels derived from biomass – including the liquid fuels bioethanol, biobutanol and biodiesel as well as biogas. Biofuels also have both pros such as easy storing, variety of usable forms (solid, liquid and gaseous) and cons such as Land use conflicts and foodfuel competition, Monoculture of high yielding crop; Acceptance from the people, greenhouse gas balance is not neutral and financial implications for the establishment of new biorefineries. The energy transformation of fossil into renewable energy can promote sustainable development and better incomes in developing countries if supporting transformations occur within the political, economic and social systems and also from the local, national and international authorities.