Monday, June 7, 2010
EU MEMBER STATES TO MISS 2010 BIOFUELS TARGET
It comes as absolutely no surprise that, as in previous years, the European Union's (EU) indicative biofuels consumption target of 5.75% for 2010 will not be met. The European Commission had already indicated a couple of years ago that this year's indicative objective was unlikely to be met citing a projection of 4.2%. The reasons for this failure can be found in the member states' legislative frameworks. Although in 2010 some countries actually exceeded the 5.75% benchmark, the Community average was pulled down by the poor performers whose biofuel usage is only marginal. This results in EU biofuels having a forecast market share of just 4% by energy content in 2010.
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