Biotech Updates

EU Votes to Reduce Renewable Energy Targets for Biofuels

September 26, 2008
http://www.sciam.com/article.cfm?id=eu-votes-to-cut-biofuels
http://news.bbc.co.uk/2/hi/europe/7610396.stm

The long term adverse impacts of crop-based (i.e. food-based) biofuel feedstocks on food prices (corn, soybean) and deforestation (palm oil), have prompted governments to rethink their original biofuel targets. Recently, a committee of the European Union (EU) voted to reduce its biofuel targets. In the original target, the EU mandated that by the year 2020, 10% of transport fuel should come from renewable sources, but there were no specifications as to how much of this 10% should come from biofuels. In the recently approved policy, a 6% limit of the original 10% renewable energy target should come from biofuels, while the remaining 4% should come from other renewable energy sources, like hydrogen. The panel also approved that of the 5% renewable energy target for transport fuels by 2015, only one-fifth should come from crop-based (i.e. food-based) biofuels. The Scientific American website reports that “the committee’s decision will likely serve as the parliament’s position in negotiations with the 27 EU member states later this year or in early 2009 on the final shape of the legislation”..