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Wednesday, 11 May 2011

European biofuel dispute splits the industry

A divisive debate over the green credentials of biofuels has stalled investment and threatens the future of some producers, but could also create lucrative opportunities, according to European companies. After a two-year investigation, the European Commission has decided that the complex issue of 'indirect land use change' (ILUC) – or displaced deforestation – can lessen carbon savings from biofuels. In July it may announce moves to curb the least sustainable - possibly by raising an EU-wide sustainability benchmark.

Source: Euractiv