Month: July 2004
Can Africa, India and Asia Relieve the EU’s Biofuel Famine?
D1 Oils, a new bio diesel company, certainly thinks so. Rather than rely on subsidised rapeseed and sunflower oil to meet the EU’s rapidly growing demand for biodiesel, D1 says the fuel should be sourced from the developing world. This will mean low carbon transport for the EU and jobs in the developing world’s agricultural sectors currently unable to sell to the EU because of tariffs. Sounds too good to be true? D1’s chairman, Karl Watkin, sets out his case.
Emissions trading: will it work?
January 1st 2005 sees the beginning of the European Union’s Emissions Trading Scheme (EUETS) under which up to 15,000 energy intensive ‘installations’ will trade carbon dioxide emissions allowances within limits set by the EU Commission. But how will the EUETS actually work? Lionel Fretz, head of Financial Products for the specialist merchant banking firm Climate Change Capital, gives his view.
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