(openPR) - In its bi-monthly market commentary at Ethanol Statistics, European fuel ethanol association eBIO tackles the most controversial issues in the decision-making process on EU biofuels legislation.
The debate in the European Union on crucial legislation for the biofuel industry is entering a decisive phase. A number of sensitive issues still need to be resolved. Putting aside all the nitty-gritty there are 2 major items left, according to eBIO, which are the most political sensitive and difficult ones: sustainability criteria for biofuels and the binding nature as well as the level of the transport target (10% as proposed by the European Commission).
eBIO provides an assessment of what could be the final outcome on these issues, including a higher GHG savings requirement, social criteria for biofuels production, land use change and CO2 bonuses, changing from 10% biofuels-only to 10% renewable fuels and other possible outcomes.
If everything goes according to planning Europe should have a new legal framework for biofuels by March 2009 at the latest, according to eBIO.
Ethanol Statistics is a European market research and business information publisher. Through its website and monthly publication, it provides professionals in the ethanol industry the latest ethanol news, commodity prices, expert opinions and market analyses.
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