Biofuels failing the economy as well as environment
The total annual public support for biofuels production in Europe is around €10 billion, equivalent to a bailout of Cyprus every year, according to a new report. T&E says the finding confirms that most biofuels on the market today are not only bad for the environment but do not help Europe’s economy either. The report comes as the leading MEP in the environment committee of the European Parliament has proposed to classify different biofuels according to their environmental impacts by including their emissions from so-called indirect land-use change (ILUC).








