The European Parliament voted Wednesday to limit the use of biofuels in the European Union, one of a series of potential changes to the bloc’s climate-change policies that investors say are creating uncertainty and bottling up energy investments.
Environmental activists dressed as corn cobs demonstrate near the European Parliament in Brussels earlier this month. The Parliament approved a proposal to limit the share of food-based biofuels in cars and trucks to 6% of total consumption by 2020.
Tags: food-based biofuels, trucks, nonfood crops, substitutes, global warming, Emissions Trading System, carbon-dioxide, greenhouse gases, second-generation biofuels, competitiveness, climate targets
Source: The Wall Street Journal, 2013-09-11.