A report prepared for the Global Renewable Fuels Alliance indicates that "world biofuels production in 2009 has reduced global GHG (greenhouse gas) emissions by 123.5 million tonnes." This represents average reduction of 57% compared to the emissions that would have occurred if an equivalent amount of petroleum fuels had been used. The report also gives a clear indication of the positive role that biofuels play in the global reduction of greenhouse gas emissions. Among the findings of the report are: (1) "world biofuel production has surpassed 100 billion litres of annual production in 2009. After accounting for energy contents, this is displacing 1.15 million barrels of crude oil per day, which creates approximately 215 million tonnes of GHG emissions annually", (2) the global ethanol production of 73.7 billion liters (in 2009) is estimated to reduce GHG emissions by 87.6 million tonnes, (3) global biodiesel production of 16.4 billion litres will reduce GHG emissions by 35.9 million tonnes. Details of the report, as well as the summary press release are available at the Global Renewable Fuels Alliance website (URL's above)..