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EU to delay by seven years plan to penalise environmentally unsustainable biofuels [Registered]

The EU’s top climate and energy officials have agreed to delay by up to seven years rules that would penalise individual biofuels for their indirect climate impacts, details of the deal showed. The political compromise is designed to protect EU farmers’ incomes and existing investments in the bloc’s €17bn-a-year ($24bn) biofuel sector, while discouraging new investments in biofuels that do nothing to fight climate change. At a meeting of top EU officials on July 13, the bloc’s energy and climate chiefs, Guenther Oettinger and Connie Hedegaard, agreed to a delay, according to minutes of the meeting. At issue is an…

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