Skip to main content

EcoCrops International Update


EcoCrops International reports that the  EU’s Renewable Energy Directive has been recast, raising the renewables target and establishing a clear and stable regulatory framework on self-consumption. Despite the positives there has also been criticism, especially over the definition of biomass. What were these concerns and what has the recast changed?

In 2009, the Juncker Commission set about building policies to ensure “a resilient Energy Union and a forward-looking climate change policy”. As part of this, the Renewable Energy Directive (RED) was created, which initially set the binding target of 20% final energy consumption from renewable sources by 2020.
Since its creation, the RED has been revised and evaluated a number of times and now forms part of the European Union’s (EU) Clean Energy Package (2016). In June, RED was again recast at a meeting of the Commission, the European Parliament and the Council. Amendments were made to ensure that targets and frameworks are in line with the progress Europe is making in creating a greener energy network.

EcoCrops International Biomass project in Estonia has been designed to help the EU commission to meet it targets

For more information contact EcoCrops

Labels:

Comments

Post a Comment

Popular posts from this blog

Bitcoin sees massive sell off- plummets to $5,355

1 comment
Read more

Trumps biomass policy

In 2007 the USA Federal Government passed the US Renewable Fuel Standard which required ethanol blending with domestic oil in large quantities with frequent increases in amounts of ethanol being used.  The bill was passed to reduce the USA carbon footprint and increase the amount of renewable biofuel being used in the USA. Under the Trump administrations, they have been far less supportive of the biomass blending mandate, granting biofuel waivers to major industry players and allowing the trading of biomass credits to develop. Despite the less than active support for biofuel domestically Trump has been pushing his trade negotiators to get big concessions from his Chinese counterparts by asking them to lower their tariffs on biomass in particular biofuel. China's ethanol demand is expected to grow nearly sevenfold as the country prepares to introduce E10 fuel throughout the country next year. E10 fuel is a fuel using 10% ethanol and 90% petrol. U.S. trade negotiato...
Post a Comment
Read more

European stocks were very mixed up on Monday morning as investors read news on different political events.

Looking at some individual stocks, Vopak rose 5 %after reporting higher results, which wasn't expected. Siemens healthcare also jumped 2.7 % on its current earnings release. European banks were under scrutiny after the latest results of stress tests. Barclays bank and Lloyd's Bank had the lowest capital ratios in the scenario. According to KPMG, this was due to Newly set accounting rules and high levels of unsecured debts Both stocks were pretty much flat. The European Stoxx 600 was flat as well with the various sectors taking different directions. Financial services and industrial Services were down by about 0.6 %, whereas telecommunications had risen by almost 1 %. Italian banks were under pressure in early deals this morning. Though they eased past them. Analysts believe the macro assumptions for Italy were a little too optimistic. Banco BPM and Intesa Sanpaolo dropped about 2 %. Ubi Banca fell 1.4 %. Meanwhile, eurozone finance ministers are gathering in Brussels fo...
1 comment
Read more