EU drastically reduces biofuels targets

Oct 14, 2008 02:00 AM

The European Union's industry committee has voted to half its biofuels target for 2020, reducing it from 10 % to 5 % of total road fuel in energy terms.
Given the large differences in the consumption of biofuels across Europe, the effect of this change, if implemented, would differ greatly between markets. Against all expectations, the EU's industry committee has voted to reduce its biofuels target by 50 % which, remarkably, would leave the 2020 target lower than the 5.75 % target for 2010.

The parliamentary committee's vote follows a plethora of bad publicity for biofuels, with the main criticism being that its production has diverted crops away from food, thereby pushing up prices.
It has also been argued that forests have been destroyed in order to make way for the cultivation of biofuels crops.

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