A Sugar Cane High for Biofuel Investment
...Demand for Brazilian ethanol is likely to be driven still higher by European Union policies to increase the proportion of biofuel used to power the transport sector. The 1993 Biofuels Directive set an indicative target for each member state to source at least 5.75% of transport fuels from plant material by 2010. With the latest estimate barely reaching 1%, that target is very likely to be missed, but the EU Council of Ministers has this year strengthened it with a new, compulsory target to achieve 10% biofuel content by 2020.
From ERSC Society Today