The transport sector is the largest energy-consuming sector in Thailand. Its primary energy supply is heavily depended on imported oil. Since 2005, world crude oil price has been rising and had reached a record of 147 $/barrel. Therefore the policy on promotion of biofuel utilization was initiated in 2005 by the Ministry of Energy; however, the economy-wide impacts have been rarely assessed. This paper presents the energy Input-Output Analysis (IO) of the economy-wide impacts on the promotion policy, in particular, the change in Greenhouse Gas (GHG) emissions. In order to measure the total GHG emission from different economic sectors, the contribution of emissions has to be considered. In this paper, the focus is placed on CO2 emissions. To calculate the amount of CO2 emissions, the emission amount of various final consumptions in the economy evaluated by the IO must be applied. The direct CO2 emissions in final energy consumptions in Thailand are evaluated by using conversion factors from Guidelines to Defra's GHG conversion factors, Annexes updated in June 2007. The CO2 emissions in various economic sectors will be calculated and compared with the figures in 2015 when the policy is fully implemented.