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There is a substantial untapped resource available in Europe of unused cellulosic wastes and residues. The technology exists to convert these biomass resources into advanced biofuels, with the technical potential to substitute up to 16% of European road transport fuel by 2030 while delivering greenhouse gas savings of 60% or more.
Combines an analysis employing a commonly used investment assessment tool, the capital assets pricing model, with an outline of minor changes to existing federal tax incentives could help unlock needed investment in cellulosic biofuels.