| Series Title | EurActiv |
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| Series Details | 17.04.13 |
| Publication Date | 17/04/2013 |
| Content Type | News |
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Public support for biofuels in Europe in 2011 added up to €10 billion, a sum equal to the EU’s bailout of Cyprus, according to new research by the International Institute for Sustainable Development (IISD) published in April 2013. In 2012 the European Commission proposed setting a 5% upper limit on the share of the transport mix that first-generation biofuels such as biodiesel and ethanol could make up by 2020. The draft legislation was almost unanimously condemned by the first-generation biofuels industry. If the proposal falls, and the EU reverts to its original non-discriminatory 10% target, the study finds that the additional cost to the public - in the form of research and development subsidies, consumption mandates, and tax exemptions - would reach between €28.8 billion and €33.1 billion by 2020. In August 2013 EurActiv reported that the IISD had subsequently revised downwards their figures by a fifth. The accuracy of the study may have important knock-on effects for EU legislators, who are attempting to gauge the value of biofuels as a viable long-term energy solution. |
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| Source Link | Link to Main Source http://www.euractiv.com/energy/study-biofuels-took-10-cyprus-ba-news-519165 |
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| Subject Categories | Energy, Mobility and Transport |
| Countries / Regions | Europe |
