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Markets :: Alternative Fuels :: Biodiesel

EU renewable energy directive will likely cost UK motorists £460 million in 2013–14

11:11 AM MDT | April 15, 2013 | Francinia Protti-Alvarez

The United Kingdom's decision to increase the portion of biofuels to be blended into gasoline and diesel to 5% will cost motorists a total of £460 million ($706 million) during the 2013–14 fiscal year—but could increase to £1.3 billion/year by 2020 if the United Kingdom is to meet its obligations under the European Union's Renewable Energy Directive (Red), under which the target for blending of biofuels into gasoline and diesel is set at 10%, says Chatham House (London), a think tank, in a recently published report. Without...

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