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<br>Biofuels: 'Irrational' and 'worse than fossil fuels'<br>
<br>The UK's "unreasonable" use of biofuels will cost vehicle drivers around ₤ 460 million over the next 12 months, a think tank says.<br>
<br>A report by Chatham House, external says the growing reliance on sustainable liquid fuels will likewise increase food costs.<br>
<br>The author states that [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) made from veggie oil was even worse for the climate than fossil fuels.<br>
<br>Under EU law, external, biofuels are set to make up 5% of the UK's transportation fuel from today.<br>
<br>Since 2008, the UK has required fuel providers to include a growing proportion of products into the gas and diesel they provide. These biofuels are primarily ethanol distilled from corn and [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) made from rapeseed, [utilized cooking](https://www.bloomberg.com/profile/company/MNELF:US) oil and tallow.<br>
<br>[Deep fried](https://www.businessnews.com.au/Company/Mission-NewEnergy) fuel<br>
<br>But research brought out for Chatham House says that reaching the 5% [level implies](https://www.crunchbase.com/organization/mission-newenergy) that UK motorists will have to pay an additional ₤ 460m a year due to the fact that of the higher cost of fuel at the pump and from filling more typically as biofuels have a [lower energy](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) content.<br>
<br>The report say that if the UK is to meet its responsibilities to EU energy targets the cost to drivers is most likely to increase to ₤ 1.3 bn per annum by 2020.<br>
<br>"It is difficult to find any good news," Rob Bailey, senior research fellow at Chatham House, told BBC News.<br>
<br>"Biofuels increase costs and they are a really pricey method to decrease carbon emissions," he stated.<br>
<br>The EU [biofuel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) requireds are also having extremely distorting impacts in the market. Because utilized cooking oil is regarded as among the most sustainable types of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb), the cost for it has increased rapidly. Rob Bailey says that towards the end of 2012 it was more expensive than refined palm oil.<br>
<br>"It produces a financial reward to buy refined palm oil, prepare a chip in it to turn it into utilized cooking oil and after that offer it at earnings,"<br>
<br>"It is crazy however the incentives are there."<br>
<br>There are likewise [stresses](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) that taking EU land out of production to [grow rapeseed](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) oil in particular is creating more [climate issues](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) than it fixes. The more fuel of this type that is taken into vehicles the bigger the deficit developed in the edible oils market. This had actually lead to increased imports of palm oil from Indonesia, typically produced on deforested land.<br>
<br>"Once you consider these indirect results, biofuels made from vegetable oils actually result worldwide in more emissions than you would receive from utilizing diesel in the very first place," said Rob Bailey.<br>
<br>"Plus you are asking motorists to pay more for the fuel - it makes no sense, it is a completely irrational strategy."<br>
<br>[Biofuel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) advantages<br>
<br>The European [Biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Board (EBB), which represents the industry, external across the EU, said it understood the problems caused by the required. But it thinks that biofuels have many positives.<br>
<br>"Blaming biofuels for all the troubles on the planet is a bit too overstated," said Isabelle Maurizi, task manager at the EBB.<br>
<br>"It has actually brought lots of advantages. It has improved the security of our diesel
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