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Sustainability has become of paramount importance in the biofuel industry. Accordingly, various ‎sustainability assessment schemes such as emergy analysis, techno-economic analysis, life ‎cycle ‎assessment, energy accounting, and exergy analysis and its extensions (exergoeconomic, ‎exergoenvironmental, and ‎exergoeconoenvironmental analyses) are being employed increasingly for decision-‎making on biofuel production and consumption systems. In this opinion paper, after classifying ‎and describing biofuel generations, the developed sustainability assessment tools are critically ‎explained, and their pros and cons are discussed. Overall, among the various sustainability assessment approaches introduced so far, exergy-based methods appear to be ‎the most promising tools for developing ‎sustainable biofuel systems. This can be attributed to the fact that the exergy ‎concept is deeply ‎rooted in the well-defined principles of thermodynamics.‎