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Biodiesel - Europe will have to import to reach its targetsOr so this article here believes; . . . which seems realistic to me. The piece then goes on to extol the virtues of D1 Oils plc, who are betting that Europe will need to buy in biodiesel at low cost from abroad and so they have put their faith in the Jatropha tree; a hardy, fast-growing plant, whose beans can yield a lot of oil which can be refined into biodiesel. The flip side is that Europe, i.e. the EU, has a history of missing its targets on all sorts of issues. It's a big assumption to think that Europe will do everything to meet a given target. Cynics and Optimists could both argue that targets are sometimes believed to be more effective, when they are set far beyond what is actually possible. This achieves the optimum outcome although the poicy is deemed to be a failure. |

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