European Union Energy Council announced it has reached a political agreement on measures to incorporate indirect land use change (ILUC) into E.U. biofuel policies. Biofuel trade groups said the move is expected to restore investor confidence.
The agreement places a 7 percent cap on the use of conventional biofuels. It also encourages the transition to second- and third-generation biofuels. To support the move to advanced biofuels, member states are invited to promote their use and are required to set national targets for advanced biofuels base on a reference value of 0.5 percentage points of the 10 percent target for renewable energy in transport of the renewable energy directive (RED). According to information released by the EU Energy Council, member states can set a lower target under certain circumstances.
The full article is available HERE.
The official Press Release is available HERE.