The Challenges And Opportunities In Increasing Ethanol’s Future Competitiveness And Growth In Europe
Business Wire:
Research and Markets has announced the addition of the “Europe’s Ethanol Market Potential” report to their offering.
In 2003, European Commission issued directives that will govern European biofuels policy through 2010 and target of 5.75% biofuels consumption in the transportation sector by 2010. 
These include measures to increase ethanol demand and supply and providing tax benefits and exemptions to facilitate growth. The principal goals propelling bioethanol in European countries are improving energy security, boosting rural development, and reducing greenhouse emission reductions.
Transport is responsible for approximately 21% of the EU’s greenhouse gas emissions, and recent European Commission directives have made biofuels in transport a regional priority. Not all member states are equally committed to the objectives set by the European Commission, but all are trying to some extent to achieve EU targets. Biodiesel accounts for 80% of European biofuels production and ethanol for the remaining 20%. Active market actors and lobbying groups have contributed immensely to the evolution of the market in recent years.
However, there are some issues that are concerning the overall growth of the ethanol industry in Europe. Most import among them has been the recent rise in the prices of food grains and subsequent decline in their supply. And many for this crisis have blamed biofuels, including ethanol. Though, the supporters of ethanol and other biofuels suggest that the global food crises are a result of growing oil prices along with increased food consumption in developing world and declining yields of food crops.
Another issue affecting further expansion of ethanol in Europe has been… read on.
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