Minister Ryan Announces New Biofuels Obligation for Irish Fuel Industry
From July of next year, fuel suppliers in Ireland will have to include an average of 4% biofuels (fuels derived from sustainable sources) in their annual fuel sales. The Obligation will be on the companies in question and at no cost to the taxpayer.
The biofuels used must produce 35% less greenhouse gases than their fossil fuel comparators (petrol and diesel) Stringent conditions will also be introduced in relation to the source and type of biofuels supplied. In order for biofuels to be counted towards the obligation, they must meet the EU Sustainability Criteria for biofuels.
…Approximately 30% of the biofuels used in Ireland are produced by Irish companies, a figure which is constantly rising. The Biofuels Obligation aims to build on the progress to date, and create a long term framework for biofuels-production in Ireland. READ MORE EU Sustainability Directives