Argentina takes controversial step backwards on biofuels

RIO DE JANEIRO, BRAZIL - Historically an agricultural power, Argentina has become a major producer of biofuels in recent years.

However, the South American country is now taking a step backwards in the use of this petroleum substitute in transportation, a decision heavily influenced by the economy and virtually nothing by the environmental issue.

On July 15, with the support of the government of center-left president Alberto Fernández, Congress passed a new Biofuels Regulatory Framework which will be in force until 2030.

The new law, published on August 4, reduces from 10 to 5% the mandatory minimum percentage of . . .

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