MPs call for an end to biofuels subsidy
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Parliamentary report questions the sustainability of bio-fuels
A committee of MPs has produced a report highly critical of the surge in financial support designed to simulate the production of biofuels. The Environmental Audit Committee has argued that the EU should abandon its biofuels targets because they are damaging the environment. There is a brief report on their research on the BBC onlinenews:
The Committee concluded that:
(i) biofuels are unlikely to improve fuel security as they largely rely on fossil fuels for their production;
(ii) current agricultural support for biofuels is largely unsustainable;
(iii) there could be significant opportunities for cost-effectively cutting greenhouse gas emissions by planting forests and restoring habitats
(iv) a large biofuel industry based on current technology is likely to increase food prices and could damage food security in developing countries.
The full report can be found here
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