UK Proposes Counting Biofuel toward 2020 Green Energy Target
by Barbara Lewis (Reuters) Britain has proposed a way to lower the European Union’s 2020 target for renewable energy by counting the contribution from biofuels twice, avoiding the need for billions of euros in investment, a document shows.
Diplomats said the British biofuel idea was attracting support from several member states, although they did not specify which. Dominant EU power Germany opposes it, they said.
In a document seen by Reuters, Britain sets out the financial benefits of an accounting method that would include biofuels towards an overall renewable energy target as well as a sub-target for reducing the emissions of transport fuel.
It would reduce to 19.6 percent an EU-wide target to get 20 percent of energy from green sources, equating to up to 60.9 terawatt hours (TWh) and savings of 5.4 billion euros (£4.51 billion) per year by 2020 on investment that would have been spent on renewables, the British analysis shows.
The cost of green energy has become a major political debate in Britain and other EU states keen to curb fuel prices.
A spokesman for Britain’s Department of Transport said its biofuel approach would avoid “displacing costs on to consumers” and could help to fund next-generation biofuels, such as those from algae or waste that do not compete with food production. READ MORE