The alternative energy sector takes a hit

For over a year, Garry White has been warning against investing in biofuels. Now, as Germany cuts its biofuels targets, he takes a look at the future of the sector…

With startling Teutonic efficiency, it appears that the Germans will be the first country to cut their biofuels targets. I am pleased: very pleased.

The German Government has shelved plans to increase the compulsory ratio of bioethanol in regular petrol to 10% next year from the current 5%. Unfortunately, it is not because they have got wise and realised that biofuels are inefficient and environmentally damaging, but because they do not work.

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