Biofuels have been highlighted as the answer to two major issues facing the planet - climate change and our reliance on crude oil.
Back in the 2008, the United Kingdom government passed the Climate Change Act that legally committed Britain to reducing ‘greenhouse gas’ (GHG) emissions by 80% over 1990 levels by the year 2050.
The Renewable Transport Fuel Obligation (RTFO) was introduced in April that year as the UK’s primary policy driver to incentivise sustainable biofuel use in road transport fuel.
For the first time anywhere in the world, legislative support for biofuel was coupled to reporting on the carbon and sustainability performance of the biofuel used.
Since the introduction of the RTFO, the biofuels industry globally has grown significantly while the dynamics of the market are constantly evolving.
Since 2013, the end uses covered by the RTFO have been amended to include inland waterway vessels, agriculture and forestry tractors and recreational craft.
In 2018, the RTFO obligation rose from 4.75% to 7.25%.
The use of biofuels has grown over the past decade, driven largely...
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