European Union policies to promote the use of biofuels for transportation will cost consumers as much as 126 billion euros ($166 billion) between now and 2020, two environmental groups said.
The fuels, gasoline substitutes derived from plants, probably won’t cut greenhouse gases because forests are chopped down to make way for biofuel plantations, Friends of the Earth and ActionAid said today in an e-mailed statement. The European Commission said that while biofuels cost more than fossil fuels, it’s “reasonable†for motorists to pay extra.