UK biofuels to cost drivers $707m this year

In the UK, biofuels will cost drivers $707m this year, according to a new report from Chatham House. Britain’s program to expand biofuel use doesn’t offer value for money and cheaper emissions reductions can be achieved elsewhere with existing technologies, the London-based think tank indicated in its report. “Current biofuels are at best an expensive way of reducing emissions,” Rob Bailey, a researcher for energy, environment and resources at Chatham House, said. “At worst they produce more emissions than the fossil fuels they replace and contribute to high and unstable food prices,” he said.

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