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Europe Daily Bulletin No. 9706

18 July 2008
Contents Publication in full By article 16 / 33
GENERAL NEWS / (eu) eu/biofuels
OECD underlines high cost and low carbon efficiency of support policies in developed countries

Brussels, 17/07/2008 (Agence Europe) - In a report published on 15 July, the OECD concluded that public expenditure for biofuel production in rich countries is expensive, not successfully reducing green house gas emissions or improving energy security and is having repercussions on wolf prices in plant products. According to the OECD, biofuel viability is largely dependent on support from public coffers for green fuel production and consumption. In the US, Canada and EU, public funding is...

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