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The advanced biofuels industry has criticised the complexity of the EU’s climate legislation package, arguing that the slew of new rules will hinder investor confidence. The EU executive unveiled its climate package on Wednesday (14 July), which aims to reduce emissions by 55% by 2030 compared to 1990 levels. It comprises over a dozen pieces of legislation to set Europe on the path to carbon neutrality by 2050. But industry critics say the myriad measures, spread across an assortment of regulations and directives, are complicating the EU’s business environment. “By going too far in revising all possible acts, the Commission is not providing the industry what is needed for making investment decisions now,” said Marko Janhunen of UPM Biofuels, a Finnish company providing wood-based alternative to petrochemicals. “And we need those investment decisions soon if we want to create green growth,” he told EURACTIV.

Marko janhunenRobert vierhoutFrans timmermansEuropean parliamentBiofuels coalitionEuropean commissionEnergy taxation directiveAdvanced biofuels coalitionEmission trading systemஐரோப்பிய பாராளுமன்றம்உயிரி எரிபொருள்கள் கூட்டணிஐரோப்பிய தரகுஆற்றல் வரிவிதிப்பு உத்தரவுஉமிழ்வு வர்த்தக அமைப்பு