Second Generation Biofuels Will Attract Significant Investment in Europe says Report
The European Biofuels Challenge - Developments in European Union Policy and Industry Drivers” is a critical review of the debate concerning large-scale biofuel use and is
available as a free download
Second Generation Biofuels Will Attract Significant Investment in Europe says Report
Sustainability Criteria is the Key Factor
London, Report Buyer, 06.08.2008: Quality not quantity will be the most considered
factor when biofuels are being considered for production and use, says a new
report. There will be a high premium placed on carbon savings and
sustainability credentials for biofuels, making second generation
biofuels an attractive investment proposition, according to
‘The European Biofuels Challenge - Developments in European
Union Policy and Industry Drivers’.
Second generation biofuels have the important characteristic
that they are not produced from food crops. They are made
from non-food sources, agricultural wastes or plants like
algae, which grow on water and do not compete with food crops for land.
The publication finds that only products with the most
sustainable certification and standards will be able
to sell at a premium. Similarly subsidies to non-sustainable
products will cease, it says. There has already been
significant investment in second generation biofuels
plants in several countries within the EU, notably
those that are trying to produce cellulosic ethanol
and biofuel from algae.
The European Union has been under pressure from environmental
groups who have been actively campaigning for it to reconsider
its energy policies as biofuels made from food crops like corn
or beet which have been implicated in the global rise of food
prices as well as harming the environment.
“There is an increasing awareness that all biofuels are not
equal. Research is pointing out that second generation
biofuels could offer great benefits in the quest for
alternative energy,” said Urmila Doraswami, the report’s
author. “The biofuel industry is also taking its lead from
the fact that ‘better’ biofuels need to be prioritised
over ‘more’ biofuels and investment is reflecting this
trend,” she added.
“The European Biofuels Challenge - Developments in European
Union Policy and Industry Drivers” is a critical review of
the debate concerning large-scale biofuel use and
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