Biofuel sales into Irish law
It must be the luck of the Irish – the UK Government has implemented a new environmental regulation under which fuel companies must sell 4% of sales in biofuels in Ireland by July 2010.
The Government approved the biofuels obligation a year later than originally envisaged. There will be a requirement that the biofuels used by oil companies must produce 35% less greenhouse gases than fossil fuel.
Some of the blame for a food shortage in the developing world during early 2008 was put on biofuels. Crops traditionally grown for food were being diverted to fuel, leading to increases in prices and subsequent shortages, reports found.
However, during the early months of 2008, several European countries, including the UK, called for a review of the EU target of 10% mix of biofuels in petrol and diesel consumption by 2020.
It is estimated that approximately 30% of biofuels used in Ireland are produced by Irish companies.
However, with a 4% obligation, the volume of biofuels being used will increase dramatically, with most of it being sourced abroad.
The department has said it hopes the obligation will provide an impetus for increased biofuels production in Ireland.
The 4% figure is a downward revision of targets set by the Government in early 2007 for biofuels to represent 5.75% of the fuel mix by 2009.
Irish authorities are intent on introducing mechanisms that will ensure Ireland reaches the target of biofuels comprising 10% of all transport fuels by 2020.
The Government approved the biofuels obligation a year later than originally envisaged. There will be a requirement that the biofuels used by oil companies must produce 35% less greenhouse gases than fossil fuel.
Some of the blame for a food shortage in the developing world during early 2008 was put on biofuels. Crops traditionally grown for food were being diverted to fuel, leading to increases in prices and subsequent shortages, reports found.
However, during the early months of 2008, several European countries, including the UK, called for a review of the EU target of 10% mix of biofuels in petrol and diesel consumption by 2020.
It is estimated that approximately 30% of biofuels used in Ireland are produced by Irish companies.
However, with a 4% obligation, the volume of biofuels being used will increase dramatically, with most of it being sourced abroad.
The department has said it hopes the obligation will provide an impetus for increased biofuels production in Ireland.
The 4% figure is a downward revision of targets set by the Government in early 2007 for biofuels to represent 5.75% of the fuel mix by 2009.
Irish authorities are intent on introducing mechanisms that will ensure Ireland reaches the target of biofuels comprising 10% of all transport fuels by 2020.
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