LONDON : The European Commission is investigating the flow of allegedly fraudulent biofuels into the EU following a complaint from Germany, sources told Reuters, as a Commission spokesman said the bloc was determined to tighten oversight of the trade.The spokesperson said in an email to Reuters that an un
LONDON : The European Commission is investigating the flow of allegedly fraudulent biofuels into the EU following a complaint from Germany, sources told Reuters, as a Commission spokesman said the bloc was determined to tighten oversight of the trade.
EU incentives for biodiesel production made with waste oils and fat to increase renewable energy use has caused concerns that companies in Asia are mixing biofuels with cheaper oils and exporting them to Europe. Germany's Environment Ministry, the body industry sources said had requested the investigation, did not immediately respond to a Reuters request for comment.EU classifications qualify the most advanced for valuable greenhouse gas emissions certificates that are bought and traded by industry players at the national level. Germany is the most valuable market in the bloc for the certificates.
The top European biofuels body warned last week that a flood of potentially"dubious" biodiesel imports into Europe from China could trigger the collapse of the European Union's biofuels industry.
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