PRODUCT PROFILE

Latest Dublin Prices

NAME
LATEST
CHANGE
Aer Lingus 1.58 -0.02 more
BoI 0.19 0.01 more
CRH 16.56 -0.42 more
Elan 9.24 0.04 more
Glanbia 10.84 -0.04 more
Grafton 5.64 0.05 more
Greencore 0.64 -0.02 more
Ind. News 0.12 0.01 more
Ryanair 6.86 0.09 more

 

EU to restrict crop-based biofuels

Monday, September 10 16:45:48

The European Union will impose a limit on the use of crop-based biofuels over fears they are less climate-friendly than initially thought and compete with food production, draft EU legislation seen by Reuters showed.

The plans, which will need the approval of EU governments and lawmakers, also include a promise to remove all public subsidies for biofuels produced from crops such as rapeseed, wheat, and sugar, after the current EU legislation expires in 2020.

"The (European) Commission is of the view that in the period after 2020, biofuels should only be subsidised if they lead to substantial greenhouse gas savings... and are not produced from crops used for food and feed," the draft said. (C ) Reuters