London, 13 September, 2023, (Oilandgaspress) – The European Parliament has today, Wednesday 13 September, adopted the ReFuel EU Aviation Regulation. This follows yesterday’s adoption of the Renewable Energy Directive (EU RED III).
Neste welcomes the enhanced ambition these two pieces of climate and energy legislation set out. Both will now enter into force in the coming weeks. The EU RED III will later be incorporated into law in the EU Member States, while the ReFuel EU Aviation Regulation will be directly applicable across the EU.
“As a leading provider of renewable diesel and sustainable aviation fuel, Neste particularly supports targets for the transport sector and the recognition of renewable liquid fuels as a way of delivering immediate emission reductions,” says Neste’s Minna Aila, Executive Vice President of Sustainability and Corporate Affairs.
As well as increasing emission reduction targets, both pieces of legislation create demand certainty, which is needed to attract investments towards the production of renewable fuels, while remaining consistent on the eligibility of raw materials permitted in sustainable biofuels.
“Demand for renewable energy is only set to grow as we strive to meet our climate goals. We are better equipped to meet this demand if we have consistency in our legislation. Consistency allows stakeholders across the value chain to invest in the creation and provision of greater volumes of renewable products over a longer term and continue research and development in this field,” continues Aila.
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