EU cuts goal for biofuels from crops

A key panel of European Union lawmakers voted yesterday to lower a target for using traditional biofuels from crops in petrol and diesel as part of the EU's plan to fight climate change.

The move could curb the growth of a market coveted by biofuels exporters such as Brazil, Malaysia and Indonesia, as well as European farming nations.

The executive European Commission has proposed that 10 percent of all road transport fuel come from renewable sources by 2020, without specifying how much of that should be biofuels, renewable electricity or hydrogen.