BRUSSELS, Apr 28 2015 (IPS) - Ten years of debate in the European Union over the detrimental effects of the demand for biofuels for transport on food prices, hunger, forest destruction, land consumption and climate change have come to an end.
The European Parliament finally agreed new E.U. laws on Apr. 28 to limit the use of crop-based biofuels, setting a limit on the quantity of biofuels that can be used to meet E.U. energy targets.
With Europe the world’s biggest user and importer of biodiesel – from crops such as palm oil, soy and rapeseed – the vote is expected to have a major impact around the world, notably in the European Union’s main international supplier countries Indonesia, Malaysia and Argentina. It is likely to signal the end to the expanding use of food crops for transport fuel.
“Let no-one be in doubt,” said Robbie Blake, Friends of the Earth Europe’s biofuels campaigner, “the biofuels bubble has burst. These fuels do more harm than good for people, the environment and the climate. The EU’s long-awaited move to put the brakes on biofuels is a clear signal to the rest of the world that this is a false solution to the climate crisis. This must spark the end of burning food for fuel.”
With the vote, the European Union has agreed to put a limit on biofuels from agricultural crops at seven percent of E.U. transport energy – with an option for member states to go lower. Before the vote, the expected ‘business as usual’ scenario was for biofuels to account for 8.6 percent of E.U. transport energy by 2020. Current usage stands at 4.7 percent, having declined in 2013...
Excerpts from Inter Press Service News Agency
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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