Impact of EU Fit for 55 Package on European Biofuel Market

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Abstract

Over Summer 2021, the European Commission published thirteen legislative proposals to put the EU transport and energy sector on track towards reducing economy-wide emissions 55% by then end of the decade, dubbed the Fit for 55 Package. In this presentation, I discuss the clauses relevant to biofuels and what it means for supply and demand the coming decade. Moreover, I scrutinize national transposition, including feedstock bans and caps, advanced biofuel submandates, the role of electric vehicles and multipliers in the aviation and marine segment.

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