National Audit Office has cautioned in a report that the country is failing to meet biofuel production and use targets, Sofia news agency Novinite said.
According to an audit of the implementation of the European Union targets from 2008 to 2012, Bulgaria is delaying the adoption of obligatory sustainability criteria for biofuels. Also, consumption of biofuels is low, and the growth rate of the biofuel share has decelerated. According to the report, the government needs to take urgent steps to introduce an appropriate mechanism to observe the sustainability criteria for biofuels, which will be effective if the compliant market participants are awarded a price premium as an incentive.
In order to comply with EU rules, Bulgaria has set mandatory targets of 10% share of renewables and biofuels in transport and 6% share of the total greenhouse gas savings, taking into account only biofuels and liquid fuels for transport that match established sustainability criteria, the article at Novinite.com said.
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