RENEWABLE ENERGY VIEW 2015
Liquid Biofuels (Transport)
Patterns in consumption of biofuels – including the relative proportions of bioethanol and biodiesel – have changed rapidly, in response to government policy and other external factors. Since biofuels are traded globally, there is not necessarily a correlation between production and consumption of biofuels in the UK. Locally-produced fuels made up 19 percent of UK consumption. A more favourable policy environment would enable the UK to have a significantly increased proportion of its consumption from UK production, thereby maximising the economic benefits. The Department for Transport has constituted a multi-stakeholder task force to report on options for UK renewable transport policy to 2020 and beyond, with the hope that this will enable policy to move forward after the election.
l PwC estimate that £741m was invested in the sector between 2010 – 2013, limited to 3 major projects l In 2014, PwC state that there was no significant investment l Over the period 2015 – 2020, PwC forecast that further investment in the sector is unlikely unless there is a commitment to meet the 10% EU target (£m, Real 2012)
14 REview Renewable Energy View 2015
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LIQUID BIOFUELS CONTEXT
l Renewable Energy Directive imposes sector- specific requirement for 10% of energy used in land transport to be renewable by 2020. In practice this will be met by renewable liquid biofuels
l UK has not set out how it will meet target, pending EU resolution of indirect land use change, which has proven very controversial
l Biofuels are traded globally, unlike power and heat which can only be transported shorter distances. Therefore consumption in the
UK is no guarantee of economic benefits to the UK. These will only occur if there is confidence in UK market and policy supporting this
l UK-produced fuels have an excellent sustainability record, significantly exceeding expectations in environmental protection and greenhouse gas savings. Average saving of fuels supplied was 70%
l UK wishes to support ‘advanced’ biofuels, although this will require far more supportive policy environment than at present
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