The Parliament of Finland has voted in favour of a law to gradually increase the share of biofuels in road traffic to 30% by 2029.
In addition, the Parliament has approved a law for the distribution obligation of bio-based light fuel oil. According to the new law, a share of light fuel oil intended for heating, construction machines and fitted motors will be replaced by bio-based fuel oil starting in 2021.
“Neste shares the Finnish government’s view that we need a large amount of sustainably produced biofuels in order to reduce climate emissions fast and sufficiently enough in the next decade. We need multiple solutions for reducing emissions: energy efficiency, better traffic planning, more public transportation as well as new technologies such as electric and gas-powered vehicles,” says Ilkka Räsänen, Director, Public Affairs at Neste.
“The advantage of liquid biofuels is that they are already available on a large scale today. Biofuels produced from waste and residues, such as Neste MY Renewable Diesel, reduce greenhouse gas emissions by up to 90% in comparison to fossil fuels. Liquid biofuels are fully compatible with the existing infrastructure so they can be used in the existing car pool” Räsänen continues.