Biofuels could contribute around $10 billion (€6.2 billion) to Australia's economy by 2030, the government has revealed. The Australian government also laid out a plan to promote biofuels to help the country reach net zero carbon emissions by 2050, Reuters reported. Biofuels, which includes turning organic waste and crop waste into fuel, makes up about 3% of Australia's... [Read More]

A member of the House Committee on Science, Space, and Technology (SST), has led an effort to bolster biofuels production in the US. Rep. Randy Feenstra tabled an amendment to H.R. 5781, the National Wildland Fire Risk Reduction Programme Act. His effort would allow biomass collected through wildfire mitigation efforts to be utilised to produce bioenergy, including... [Read More]

Shell has announced plans to move its headquarters to the UK as part of proposals to simplify the company's global structure. The oil giant will ask shareholders to vote on shifting its tax residence from the Netherlands to the UK, according to reports on the BBC. It also wants to do away with its dual share structure in favour of just one class of shares to boost "the... [Read More]

According to the latest UK figures from the Department for Transport renewable fuels made up 5% of the country’s transport fuel mix. This new data compared with 5.9% over the same period 12 months ago. According the new statistics, a total of 1.44 billion litres of renewable fuels were supplied in the country between 1 January and 20 September. The fuels achieved... [Read More]

Indonesia has agreed to end deforestation by 2030 which is good news for opponents of the country’s palm oil industry. The country has been criticised for clearing forests for palm oil cultivation used in a range of products including biodiesel production. The EU has vowed to end palm oil imports from Indonesia and Malaysia which has erupted into a legal row between... [Read More]

Growth Energy CEO Emily Skor has thanked President Biden and Congressional leaders for including nearly $1 billion (€858 million) in biofuels infrastructure investments in the proposed Build Back Better budget reconciliation framework. The Build Back Better Act has been designed to create millions of good-paying jobs, enable more Americans to join and remain in the... [Read More]

The International Energy Agency (IEA) has released its latest World Energy Outlook (WEO) designed as a ‘guidebook’ before COP26 next month. The 380-page report spells out "what is at stake", what the pledges to reduce emissions made by world governments mean for the energy sector and what more needs to be done to limit global warming to 1.5C. The new report spells... [Read More]

Clean energy policies are not to blame for recent spikes in gas and electricity prices, International Energy Agency executive director Fatih Birol said. Gas and electricity prices in Europe have surged in recent months as gas supply issues have collided with rising demand in economies recovering from the COVID-19 pandemic. Critics have blamed the dash to replace fossil... [Read More]

The steep rise in European gas prices has been driven by a combination of a strong recovery in demand and tighter-than-expected supply, as well as several weather-related factors, the International Energy Agency (IEA) revealed. However, the IEA said it was ‘misleading’ to blame the renewable fuels and clean energy for the price hike. There were strong cold spells... [Read More]

Businesses in some of the UK’s most polluting and energy-intensive industries will be able to bid for a share of £220 million (€256 million) in government investment to help cut their carbon emissions and the costs of their energy bills, the UK government has announced. This move comes as the UK works to build a secure, home-grown and clean energy sector to reduce... [Read More]

The Association for Renewable Energy and Clean Technology (REA) have said that volatile global gas prices have demonstrated the urgent need to diversify and decarbonise the UK’s domestic energy system. Industry group Oil & Gas UK said wholesale prices for gas are up 250% since January - with a 70% rise since August. Exposure to global market prices is of particular... [Read More]

The European Commission has approved the prolongation of the tax exemption measure for biofuels in Sweden. Sweden has exempted liquid biofuels from energy and CO₂ taxation since 2002. The measure has already been extended several times, the last time being in October 2020. The Commission has now approved an additional one-year extension of the tax exemption from 1... [Read More]

POET has release of its inaugural sustainability report, which outlines the company’s focus on environmental, social and governance (ESG) initiatives. POET established several ESG goals, including the achievement of net-zero carbon at its bioprocessing facilities by 2050. In addition, POET has pledged to ensure that its renewable, plant-based bioethanol reduces greenhouse... [Read More]

DNV's new Maritime Forecast to 2050 features an updated carbon risk management framework including a new ‘decarbonisation stairway’ model to help shipowners map a path to sustainability. The launch of the world’s leading classification society’s latest Maritime Forecast to 2050 is part of the Energy Transition Outlook (ETO) suite of reports. Conceived to help... [Read More]

The US Environmental Protection Agency (EPA) has recommended retroactively lowering biofuel blending mandates for 2020, Reuters reported. According to Reuters, two sources familiar with the matter shared the details after the agency sent a proposal on the mandates to the White House for review. The move could provide immediate relief to oil refiners that have to... [Read More]

Sixteen US Senators have written to the Environmental Protection Agency’s (EPA) Administrator Michael Regan, urging the EPA to mitigate the harm imposed on consumers and refiners by the Renewable Fuel Standard’s (RFS) ‘unachievable mandates’. In the letter, the Senators requested that the EPA waive or significantly reduce the volume of requirements for 2020,... [Read More]