An internal draft from the European Commission states that the EU plans for a mandatory 10 percent blend of biofuels in 2020 is going to cost Europeans quite a lot of money: 65 billion euros (about $95 billion). The draft estimates costs from 2007 to 2020 and was made by the Joint Research Centre (JRC).
According to a recent study by Accenture, the biofuel sector is repeating the pattern that the dot.com companies had during the early 2000s. In words of Matías Alonso, an Accenture partner, "At this point there is going to be a huge boom until it becomes evident how difficult growth is for this market. At the end, only the strongest and more stable contestants will remain. [...] Nevertheless, biodiesel and ethanol producers are going to be the leaders of the energy market because biofuels