LSB Wants Intermediate Targets for EU’s Low Carbon Fuels

 Seagriculture EU 2024
Low Carbon Fuels

11 European companies are advising policy makers for the development of low carbon fuels.

The Advanced Biofuels Coalition (LSB), representing leading companies in that industry, has announced their strong support for the EU target for climate-neutrality by 2050, as well as the need for more ambitious 2030 intermediate targets. They state that their sector will play an important role in achieving those goals. “However,” their statement reads, “while we recognize that advanced biofuels have been given a growing role within the proposed revision of the Renewable Energy Directive (RED), the advanced biofuels industry is concerned about the overall framework conditions, growing regulatory complexity, and the impact on investment planning.”

LSB member companies agree that advanced biofuels need to be strongly promoted alongside eFuels and electromobility. “The primary focus of EU climate and transport policies should be on phasing out the use of fossil fuels and creating effective incentives for the production and deployment of all relevant decarbonization technologies. Drastic CO₂ reduction will only be possible through a smart and realistic combination of emission-reduction pathways, so that different technologies can complement each other, and by keeping abatement costs as low as possible.”

More ambition and less complexity

LSB members believe that advanced biofuels are undervalued in their decarbonization potential, and that proper policy provisions can help to further unlock their potential. “Both the overall RES-T target, as well as the dedicated target for advanced biofuels sustainably produced from feedstocks listed in Part A of Annex IX should be increased in order to support industry in ramping up investments to accelerate the decarbonization of transport…”

The organization also says that introducing a binding trajectory, including an intermediate 2025 milestone, “would be helpful to encourage member states to reach the target in 2030. This would ensure consistency with the existing RED II provisions and support member states’ continuous de-fossilization efforts. And beyond 2030, EU policy makers should set a vision for advanced biofuels, based on the technological and capital intensity.”

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Seagriculture USA 2024
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