Pak Bernanke, yang dilarang EU adalah biodiesel yang diproduksi dari perkebunan sawit yang dibuka tahun 2003 ke atas.
Further news: http://www.earthtimes.org/articles/show/neste-oil-welcomes-strict-sustainability-criteria-for-biofuels,261537.shtml http://online.wsj.com/article/SB120103025660407257.html?mod=googlenews_wsj On Jan 24, 2008 10:10 AM, bernanke20551 <[EMAIL PROTECTED]> wrote: > Better avoid plantations sector for a while. > > > Good afternoon, > > Just picked up this news snippet, which could likely create negative > sentiment for the plantation industry. Basically, the EU will potentially > ban palm oil-based biodiesel, according to industry sources (see news > snippet below). > > Recent CPO price strength (and sector outperformance) has been driven by > crude oil price strength, in my view. If that connection is broken (worst > case scenario), then plantation shares could be sold off. Bear in mind, > Europe accounts for 90%+ of palm oil-based biodiesel. > > We reiterate our sell-call on the Indonesian plantation sector. > > > Best regards, > > Andreas Bokkenheuser > Analyst > aUBS | Equity Research ( Indonesia ) > > NEWS SNIPPET > The European parliament's industry committee has called for an EU-wide ban > on the use of biodiesel made from palm oil amid concern that growing demand > for palm plantations would accelerate deforestation in key producing > countries in Southeast Asia . > > In a sign of growing concern about the impact of supposedly "green" > policies, European Union officials will propose a ban on imports of certain > biofuels, according to a draft law to be unveiled next week.If approved by > European governments, the law would prohibit the importation of fuels > derived from crops grown on certain kinds of land, including that of palm > oil. > > But a flurry of studies has discredited some of the claims made by biofuel > producers that the fuels help reduce greenhouse gases by reducing fossil > fuel use and growing carbon-dioxide-consuming plants. Growing the crops and > turning them into fuel can result in considerable environmental harm. > > Not only is native vegetation, including tropical rain forests, being > chopped down in places to plant the crops, but fossil fuels, like diesel for > tractors, are often used to farm the crops. They also demand nitrogen > fertilizer made largely with natural gas and consume huge amounts of water. > > Already, the draining and deforesting of peatlands in Southeast Asia — > mainly to make way for palm plantations — accounts for up to 8 percent of > global annual carbon dioxide emissions, said Adrian Bebb of Friends of the > Earth, an environmental group. > > In Indonesia , he said, more than 18 million hectares of forest, or 44 > million acres, have already been cleared for palm oil developments. > Environmental groups say the developments are endangering wildlife like the > orangutan and the Sumatran tiger, and putting pressure on indigenous peoples > who depend on the forests. > > The draft law probably would have the greatest impact on palm oil growers > in countries like Malaysia and Indonesia , according to Matt Drinkwater, a > biofuels analyst at New Energy Finance in London > > However, the European Union is unlikely to go to the extreme of banning > palm-based biodiesel as this may lead to a "trade war," said David Ho, > managing director of Ipoh-based Carotech, the largest biodiesel producer in > Malaysia. > > > > > >
