GLOBAL ENERGY MARKET VOLATILITY CHALLENGES EU BIOFUEL SECTOR
March 9th, 2015
THE VOLATILITY of the global energy market is presenting several challenges to the European Union’s (EU) biofuel sector. Low oil prices, recession, slumps in demand and political uncertainty in key oil producing areas are all raising questions of an industry that was meant to mitigate or provide solutions to many of these issues. In addition, concern over the use of agricultural land for biofuels has added to a hiatus over refinery capacity.In 2009, the EU adopted a target of increasing the share of renewable energies to 20% of energy consumption and to 10% in ...
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