EU study points to U.S. RFS2 for success

Ethanol Producer Magazine
September 2010
By Holly Jessen
Posted Sept. 16, 2010

A study of the future of next-generation biofuels in Europe determined that a first priority for policy makers is to introduce a European Union-wide mandate—similar to the U.S. Renewable Fuels Standard.

“Next-generation Ethanol and Biochemicals: What’s in it for Europe” was released Sept. 14 by Bloomberg New Energy Finance with the support of Novozymes A/S and Royal DSM NV. The study concluded that, using agricultural residues to create biofuels and biochemicals, the 27 EU member countries could create up to one million jobs and replace between 52 and 62 percent of its annual gasoline consumption over the next decade. Beyond that, next-generation biofuels, if implemented on a large scale, will spur economic growth and reduce CO2 emissions, it said.

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