NEW GENERATION BIOFUELS

That this House acknowledges that advanced biofuel technologies could play a vital role in reducing carbon emissions, providing energy security for the UK, managing waste and creating jobs in the emerging bio-economy; notes that advanced biofuels can be produced from any carbon-based waste, offering exceptional carbon and sustainability performance without depleting food supplies or causing Indirect Land Use Change effects; recognises that it is preferable to meet the targets set out in the Renewable Transport Fuels Obligation with advanced biofuels; welcomes the development of biorefineries to generate important green jobs in the UK; and calls on the Government to support investment in the new generation biofuel industry in the UK through the Green Investment Bank and develop policies which give long-term certainty to investors.