Food price fears push EU lawmakers to put a lid on biofuels growth

Posted by Reuters: Claire Davenport on September 11th, 2013
Reuters: The European Parliament has voted to limit the use of fuels made from food crops because of fears that biofuels can push up grain prices or damage the climate, further undermining the once booming industry. Lawmakers voting in Strasbourg on Wednesday set a ceiling on the use of such fuels at 6 percent of overall transport fuel demand in the European Union in 2020. Although slightly higher than the 5 percent cap proposed by the European Commission in October, it deals a blow to EU biofuel producers......

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