UK biofuel policy may need to be modified. To say it is a report published by Chatham House, a british think tank focused on “Costs and Consequences of Expanding Biofuel Use in the United Kingdom”. According to Rob Bailey, author of the report, “in its present form the RTFO (Renewable Transport Fuel Obligation, editor’s note) may not be an appropriate instrument for achieving the RED (Renewable Energy Directive, editor’s note) target economically. Its volumetric target incentivizes suppliers to minimize cost per litre by supplying ethanol, thereby also minimizing the amount of energy supplied by biofuels. This runs counter to the objective of the RED to increase the share of energy from biofuels.

Continue reading →