Saturday, June 14, 2014

EU Caps 7% of Transport Fuels can be Food-derived BioFuels

EU energy ministers agreed on Friday to limit production of biofuels made from food crops, responding to criticism they stoke inflation and do more environmental harm than good.

The ministers' endorsement of a compromise deal overcomes a stalemate hit late last year, when European Union governments failed to agree on a proposed 5 percent cap on the use of biofuels based on crops such as maize or rapeseed.

Friday's agreement would set a 7 percent limit on food-based biofuels in transport fuel.

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