Biofuels outlook – Implementation of RED III kicks in

Liisa Ranta, Director, Sustainability and Market Development, UPM Biorefining, looks at the company’s outlook for the year ahead.
Implementation of the third Renewable Energy Directive (RED III) will take place in EU member states by May this year.
This marks a significant step forward in the EU's extensive plans to achieve energy transformation while respecting environmental considerations. The question, however, is will the member states deliver on time and what will be the level of ambition in different countries? How many will set more ambitious goals above the EU requirement?
In addition to monitoring the implementation of the agreed Green Deal decisions, it is interesting to follow the potential considerations the EU Commission is making towards possible framework and strategy for renewable and low carbon fuels beyond 2030. Will these developments further boost and consolidate the position of advanced biofuels in transport defossilisation?
Getting RED III implemented swiftly is important for industry
The primary goal is to achieve a 42.5% share of renewable energy in the EU’s overall energy consumption by 2030, with...