EU Taxonomy: Biofuels must play a role in the transition to carbon neutrality
The latest draft delegated act of the sustainable finance regulation goes part of the way to fixing what went wrong with the original text, but it still needs to be more inclusive when it comes to proven sustainable renewable energy solutions, writes the EU Biofuels Chain in EURACTIV.
The EU has important ambitions for promoting investment and innovation in sustainable technology and renewable energy to move towards carbon neutrality, but it often sends mixed signals that risk making its actions counterproductive.
The recent policy twists and turns in various revisions of the draft delegated act on sustainable finance – the so-called taxonomy – offer a vivid example.
In a new joint position paper on the EU's draft delegated act of the sustainable finance regulation, the EU Biofuels Chain makes the case for biofuels as part of the solution for Europe's transition to carbon neutrality. While the latest draft delegated act goes part of the way to fixing what went wrong with the original text, it still needs to be more inclusive when it comes to proven sustainable renewable energy solutions. Read the full EU Biofuels Chain joint position here.
The EU Biofuels Chain includes the following associations: CEFS (sugar manufacturers); CEPM (the maize chain); C.I.B.E. (sugar beet growers); COCERAL (trade in cereals, oilseeds, pulses, olive oil, oils and fats); Copa and Cogeca (farmers and agri-cooperatives); EBB (European Biodiesel Board); EOA (European Oilseed Alliance); ePURE (European renewable ethanol association); and FEDIOL (vegetable oil and protein meal industry).