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Biofuels might cost the EU up to $95 billion by 2020

An internal draft from the European Commission states that the EU plans for a mandatory 10 percent blend of biofuels in 2020 is going to cost Europeans quite a lot of money: 65 billion euros (about $95 billion). The draft estimates costs from 2007 to 2020 and was made by the Joint Research Centre (JRC). The draft also speaks about the (in)convenience of using biofuels to counteract global warming, something the EU is already aware of. On the topic of biofuels and their CO2 balance, the draft states that nitrogen fertilizers, as well as ... Read more →

Accenture forecasts a biofuel bubble burst Xavier Navarro

According to a recent study by Accenture, the biofuel sector is repeating the pattern that the dot.com companies had during the early 2000s. In words of Matías Alonso, an Accenture partner, "At ...

Biofuels might cost the EU up to $95 billion by 2020 1 year ago on Autoblog Green

Accenture forecasts a biofuel bubble burst 2 years ago on Autoblog Green

According to a recent study by Accenture, the biofuel sector is repeating the pattern that the dot.com companies had during the early 2000s. In words of Matías Alonso, an Accenture partner, "At this point there is going to be a huge boom until it becomes evident how difficult growth is for ...

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Guide to Common Green Acronymns

CAFE – Corporate Average Fuel Economy. A system used in the U.S. to define mileage requirements of new vehicles.

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