Biofuels are fuels produced from biomass, mostly in liquid form, within a time frame sufficiently short to consider that their feedstock (biomass) can be renewed, contrarily to fossil fuels. This paper reviews the current and future biofuel technologies, and their development impacts (including on the climate) within given policy and economic frameworks. Current technologies make it possible to provide first generation biodiesel, ethanol or biogas to the transport sector to be blended with fossil fuels. Still under-development 2nd generation biofuels from lignocellulose should be available on the market by 2020. Research is active on the improvement of their conversion efficiency. A ten-fold increase compared with current cost-effective capacities would make them highly competitive. Within bioenergy policies, emphasis has been put on biofuels for transportation as this sector is fast-growing and represents a major source of anthropogenic greenhouse gas emissions. Compared with fossil fuels, biofuel combustion can emit less greenhouse gases throughout their life cycle, considering that part of the emitted CO2 returns to the atmosphere where it was fixed from by photosynthesis in the first place. Life cycle assessment (LCA) is commonly used to assess the potential environmental impacts of biofuel chains, notably the impact on global warming. This tool, whose holistic nature is fundamental to avoid pollution trade-offs, is a standardised methodology that should make comparisons between biofuel and fossil fuel chains objective and thorough. However, it is a complex and time-consuming process, which requires lots of data, and whose methodology is still lacking harmonisation. Hence the life-cycle performances of biofuel chains vary widely in the literature. Furthermore, LCA is a site- and time-independent tool that cannot take into account the spatial and temporal dimensions of emissions, and can hardly serve as a decision-making tool either at local or regional levels. F