Health Concerns/Benefits – Advanced BioFuels USA
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EU Biofuel Reform Plan Risks Undermining Waste-Based Fuels: Industry – Advanced BioFuels USA
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The advanced biofuels industry has criticised the complexity of the EU’s climate legislation package, arguing that the slew of new rules will hinder investor confidence.
The EU executive unveiled its climate package on Wednesday (14 July), which aims to reduce emissions by 55% by 2030 compared to 1990 levels. It comprises over a dozen pieces of legislation to set Europe on the path to carbon neutrality by 2050.
But industry critics say the myriad measures, spread across an assortment of regulations and directives, are complicating the EU’s business environment.
“By going too far in revising all possible acts, the Commission is not providing the industry what is needed for making investment decisions now,” said Marko Janhunen of UPM Biofuels, a Finnish company providing wood-based alternative to petrochemicals. “And we need those investment decisions soon if we want to create green growth,” he told EURACTIV.