European fuel ethanol association eBIO assesses the most controversial biofuel issues
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| eBIO Market Commentary at Ethanol Statistics |
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.
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