The European Commission’s latest move to assure the integrity of biofuels in the EU puts a question mark on 3.7 mtoe annual biofuel claims, or about 15% of the renewable energy in transport in 2023. In the short term, this would be bullish for all biofuels markets, until alternatives and remedies can be put in place. In the longer term, the positive effect of improved environmental integrity of biofuels in Europe must be weighed up against the damage this will do to the regulatory stability of the biofuels market, which already suffers from under-investment.
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