Friday, February 03, 2006

EU set to drive up biofuel production

Although on the increase, biofuel production in the EU is “not moving quickly enough,” Brussels will warn national capitals next week.

EU agriculture chief, Mariann Fischer Boel will tell member states that an EU target of 5.75 per cent biofuel content in fuels by 2010 will not be met unless tough new action is taken.

“Efforts so far…have been admirable, but insufficient,” said Fischer Boel, writing in the latest issue of Parliament Magazine, published on Monday.

“While things are moving in the right direction, they are not moving quickly enough.”

Fischer Boel will unveil a new EU biofuels strategy on Wednesday that will include seven key priorities aimed at kick starting the fledgling industry.

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