Volkswagen Push for Second Generation Biofuels
Posted 11th September, 2006 in Uncategorized | Leave a comment
Volkswagen is calling on politicians to develop a sustainable tax model providing a secure framework for investing in the development and market launch of second-generation biofuels.
“The present assessment regarding the sustainability of first and second-generation biofuels is entirely unsatisfactory, both in economic and environmental terms. One biofuel is not the same as another: some first-generation biofuels can best be described as a ‘wolf in sheep’s clothing’. Some of them have a worse CO2 balance than conventional gasoline fuels, but nevertheless still bear the name of ‘biofuel’”, Dr. Bernd Pischetsrieder, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, commented in Berlin on Thursday. “First-generation biofuels receive tax incentives from scarce budget resources and consequently constitute a bad investment. That cannot be considered sustainable in either the ecological or the economic sense of the word.”
“Volkswagen is already working on concepts for the industrial production of second-generation biofuels and is willing to encourage their production through substantial investment,” Prof. Dr. Jürgen Leohold, Head of Group Research at Volkswagen, said. He added that Volkswagen welcomed the German government’s plans for a lower tax rate on Biomass-to-Liquid and cellulose ethanol fuels until 2015. “However, we doubt this is sufficient for the long-term planning security needed for major investment, “Leohold added.
Good news (if the politicians do the right thing)
[Source: VW Gazette]
