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Energy Minister Eamon Ryan has introduced the Energy (Biofuel
Obligation and Miscellaneous Provisions) Bill 2010 to the
Seanad.
With effect from July this year, the Bill will place an
obligation on fuel suppliers to ensure that biofuels comprise
4% of their supplies. The scheme will be administered by the
National Oil Reserves Agency (NORA)
at no cost to the Exchequer.
Addressing the Seanad, the Minister said - “This is an important
departure for the motor and biofuels industries in Ireland.
Biofuels will be an important fuel source for Ireland in the
event of a disruption of our oil supplies. It is incumbent
upon Government to source sustainable transport and heating
fuels in Ireland.
"Ireland is already transforming its power generation
fuel supply and our overall energy use across the economy.
This Bill is another step in this transformation.”
The Bill also grants additional powers to the Commission
for Energy Regulation (CER) on the safety of liquefied natural
gas (LNG) projects.
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