From e67a829c837d7334595d8ed1445fb39311091d3e Mon Sep 17 00:00:00 2001 From: valarie3669887 Date: Sat, 11 Jan 2025 18:38:32 +0000 Subject: [PATCH] Add 'Biofuels: 'Irrational' and 'Worse than Nonrenewable Fuel Source'' --- ...7Worse-than-Nonrenewable-Fuel-Source%27.md | 21 +++++++++++++++++++ 1 file changed, 21 insertions(+) create mode 100644 Biofuels%3A-%27Irrational%27-and-%27Worse-than-Nonrenewable-Fuel-Source%27.md diff --git a/Biofuels%3A-%27Irrational%27-and-%27Worse-than-Nonrenewable-Fuel-Source%27.md b/Biofuels%3A-%27Irrational%27-and-%27Worse-than-Nonrenewable-Fuel-Source%27.md new file mode 100644 index 0000000..5c6f12a --- /dev/null +++ b/Biofuels%3A-%27Irrational%27-and-%27Worse-than-Nonrenewable-Fuel-Source%27.md @@ -0,0 +1,21 @@ +
Biofuels: 'Irrational' and 'worse than fossil fuels'
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The UK's "illogical" use of biofuels will [cost motorists](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) around ₤ 460 million over the next 12 months, a think tank says.
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A report by Chatham House, external states the growing reliance on sustainable liquid fuels will likewise increase food costs.
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The author states that [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) made from grease was even worse for the environment than fossil fuels.
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Under EU law, external, biofuels are set to make up 5% of the [UK's transportation](https://www.google.com/search?kgmid=/m/0cqd_rb) fuel from today.
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Since 2008, the UK has needed fuel suppliers to add a growing percentage of sustainable materials into the fuel and diesel they provide. These biofuels are generally ethanol distilled from corn and [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) made from rapeseed, utilized cooking oil and tallow.
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Deep fried fuel
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But research study carried out for Chatham House states that reaching the 5% level suggests that [UK vehicle](https://www.bloomberg.com/profile/company/MNELF:US) drivers will have to pay an extra ₤ 460m a year due to the fact that of the greater cost of fuel at the pump and from [filling](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) up regularly as [biofuels](https://forest500.org/rankings/companies/mission-newenergy-limited) have a lower energy material.
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The report say that if the UK is to meet its obligations to EU energy targets the [expense](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) to [motorists](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) is likely to rise to ₤ 1.3 bn per annum by 2020.
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"It is hard to discover any good news," Rob Bailey, senior research study fellow at Chatham House, told BBC News.
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"Biofuels increase costs and they are an extremely expensive method to decrease carbon emissions," he said.
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The EU [biofuel](https://www.businessnews.com.au/Company/Mission-NewEnergy) requireds are likewise having [hugely distorting](https://www.businessnews.com.au/Company/Mission-NewEnergy) impacts in the marketplace. Because used cooking oil is concerned as one of the most sustainable types of biodiesel, the price for it has risen quickly. Rob Bailey states that towards completion of 2012 it was more expensive than refined palm oil.
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"It creates a financial incentive to buy refined palm oil, cook a chip in it to turn it into utilized cooking oil and then offer it at revenue,"
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"It is insane but the rewards are there."
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There are likewise [stresses](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) that taking EU land out of production to grow rapeseed oil in particular is developing more climate problems than it [resolves](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm). The more fuel of this type that is taken into cars and trucks the bigger the deficit produced in the edible oils market. This had caused increased imports of palm oil from Indonesia, often produced on deforested land.
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"Once you take into consideration these indirect impacts, biofuels made from veggie oils in fact result worldwide in more emissions than you would get from utilizing diesel in the very first location," stated Rob Bailey.
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"Plus you are asking vehicle drivers to pay more for the fuel - it makes no sense, it is an entirely illogical method."
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[Biofuel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) benefits
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The European Biodiesel Board (EBB), which represents the market, external throughout the EU, said it knew the problems triggered by the mandate. But it believes that biofuels have lots of positives.
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"Blaming biofuels for all the troubles on the planet is a bit too exaggerated," said Isabelle Maurizi, task manager at the EBB.
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"It has actually brought great deals of advantages. It has improved the security of our diesel \ No newline at end of file