EU cuts back on biofuel crop subsidies


Planet2025 News, 24 October, 2007

A special farm aid scheme aimed at developing Europe's energy crop sector will be scaled back, after it emerged that farmers have already massively shifted production towards biofuels, overshooting a two million hectare target, the Commission has announced.
The amount of land for which farmers may receive a subsidy of €45 per hectare (ha) in exchange for planting energy crops (such as rapeseed or sugar beet that can be processed into biofuels for cars or biomass for heating or electricity) will be reduced after the scheme proved too popular, the Commission said on 17 October. Read more...

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