The EU parliamentary committee on industry research and energy has called for a minimum of 300m euros to be set-aside for research into renewable energy under the framework 7 research programme. It notes the huge potential for biomass and calls on member states to help exploit this through incentives and tax breaks. It points to advantages for biomass over conventional energies and other renewable energies, in particular the relatively low costs, the promotion of regional economic structures and alternative incomes for farmers.
The EC Commissions vision of the use of plant genomics and biotechnology to 2025 – Plants for the Future(PDF-Download)
Source: European parliament Aug. 31, 2005.