Did you know that every time you fill up your car, you are paying for the UK’s biofuels mandate, the Renewable Transport Fuel Obligation (RTFO)? In fact, some 6% of the price Brits pay at the pump goes on biofuel being blended into petrol and diesel.
More concerning still at a time of soaring food prices, crops such as wheat and corn are still a central part of the industry. That’s why a new report from the Centre for Policy Studies calls on the Government to phase out food crops, both to bolster food security and help the environment.
For this week’s episode of the CapX Podcast I invited the author of that report, our Energy and Environment researcher Dillon Smith, to explain just what’s going on here, and what kind of reform we need to see.
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