EU’s Renewable Energy Directive and its impact on Palm Oil
On 17 January 2018, European Parliament voted on the revision of the Renewable Energy Directive (RED). The vote by the European Parliament does not mean that the EU has adopted a final decision. It is one step in a complex legislative procedure according to the EU ambassador in Indonesia.
The European Parliament seeks that the contribution from biofuels and bioliquids produced from palm oil shall be zero from 2021 for the purpose of calculating Member State’s gross final consumption of energy from renewable energy sources.
EU Ambassador to Indonesia Vincent Guerénd says:
“The vote of the European Parliament is a step in a complex legislative procedure. It aims at progressively replacing food-based biofuels by more advanced ones for the purpose of accounting progress towards our domestic renewable energy targets.
Palm oil has been singled out by the European Parliament as having a major impact on greenhouse emissions. Work will continue towards achieving an agreement with no discrimination among biofuels, as proposed by the European Commission and supported by the Council of Ministers.
The vote of the European Parliament is not the EU final position. The EU market remains open to palm oil as shown by the increase of our bilateral trade in more than 30% in 2017.”
For more info, the statement give a link to a FACTSHEET