IEA confirms need for sustainable biofuels and ITRE confirms need for advanced biofuels mandate – LSB
Leaders of Sustainable Biofuels (LSB), a coalition of leading advanced biofuels producers and technology developers committed to making a significant contribution to meeting EU ambitions of decarbonizing the transport sector, welcomes the positive outlook of the International Energy Agency (IEA) on the need for advanced biofuels to secure transport decarbonisation. LSB also welcomes the "positive outcome" of the European Parliament's Committee for Industry, Research and Energy (ITRE).
In a statement, LSB said that it adheres to the findings of IEA: that in the transport sector, global biofuel consumption must triple by 2030, with two-thirds of that coming from advanced biofuels, in order to reach climate commitments made in Paris. This means scaling up current advanced biofuels production significantly.
The coalition also welcomed the “positive outcome” of the European Parliament ITRE committee vote this week that confirmed the need to define a specific advanced biofuels mandate.
IEA and the European Parliament are showing positive signals that are demonstrating increased confidence in advanced biofuels as a fast-track sustainable solution to reduce transport emissions, said Marko Janhunen, Chair of LSB and Vice President, Stakeholder Relations, UPM Biorefining.
LSB calls for a strong commitment by the EU to climate change mitigation, and more specifically transport emission reduction. LSB requests a specific mandate on advanced biofuels, with a binding target starting in 2021 with 0.5 percent and increasing up to 3.6 percent by 2030.
Such a mandate LSB says will give confidence to investors and allow advanced biofuels companies to move forward with their projects. A specific mandate should be established for feedstocks approved in the ILUC directive (2015/1513) and listed in Annex IX part A.
Now it is time to take action. RED II done right will enable significant investment opportunities, job creation and reduction of transport emissions. EU member states and the European Parliament should recognize the urgent need to reduce transport emissions. They should also recognize that advanced biofuels can play an important role in all member states. Sustainable feedstock is available all over the EU, and advanced biofuels technologies have been developed by numerous companies.RED II done right will be positive to the European economy, and the climate, Marko Janhunen concluded.