Impact assessment of EU’s 2020 biofuels target on agricultural markets
Read the full post at Biopact.
Earlier this year, the European Commission’s Directorate-General for Agriculture and Rural Development published an impact assessment [*.pdf] of the 10 percent biofuel obligation by 2020 on agricultural markets. Its main conclusions: the targets can be achieved by second generation technologies and imports, grain prices would not increase in any substantial way, and agricultural markets are expected to remain stable over the long run. The Commission’s projections are based on the assumption that 30% of the biofuels will come from second-generation fuels, whereas 20% would be imported.