The objective of this paper is to provide a review on the latest development on the main initiative and approaches for the sustainability criteria for biofuels. A large number of national and international initiative lately experienced rapid development in the review of the biofuels targets announced in the European Union (EU), United States (US) and other countries worldwide. The global biofuel targets are likely to have a strong impact on land use and agricultural markets. Although biofuels production provides new options for using agricultural crops, there are environmental, social and economic concerns associated with biofuel production. The diversity of feedstock, large number of biofuels pathway an their complexity lead to a high uncertainty over the greenhouse gas (GHG) performances of biofuels, in terms of GHG emission reductions compared to the fossil fuels, expecially if land use change is involved. This paper describes an overview of current status of ongoing certification initiative in Europe and worldwide for biofuels sustainability. It also provides mandatory requirements as part of an sustainability scheme in EU, United Kingdom, US and international approaches and should be reviewed to introduce based on global trends in Korea.