EU proposes halving 2020 biofuels directive quota
10 January 2007 14:14 [Source: ICIS news]
LONDON (ICIS news)--The EU has halved its 2020 biofuels target to a 10% substitution in vehicle fuels from 20% after falling short of its 2005 target, a European Commission (EC) report said on Wednesday.
The 2003 biofuels directive set the objective of replacing 2% of petrol and diesel with sustainable fuels by 2005, but new statistics show only a 1% share was achieved.
Although substantial progress could be expected by 2010 the EU was not on track to meet its 5.75% target, the report said.
It showed that
Other major states were shown to be lagging behind, with
According to a report by ICIS news, there are over 10m tonnes worth of biodiesel projects currently being built throughout Europe with nearly 3m tonnes located in
Additionally, over 4m tonnes of new bioethanol capacity was thought to be under contruction in November.
To reduce greenhouse gas emissions, the Commission also proposed developing an incentive system to promote the development of “second generation” biofuels.
The report highlighted research that was underway to develop sustainable fuels from woody material, grasses and other types of waste which could significantly reduce carbon emissions in the fuel.
By: Mark Watts
+44 20 8652 3214
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