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French biofuel aid helps farmers, costs public: study

Tue, 01/24/2012 - 6:23am
Reuters

PARIS (Reuters) - French state support for crop-based biofuels has brought benefits for farming but also hidden costs for motorists who have ended up having to consume more fuel and pay higher prices, the government's auditor said on Tuesday.

With investments in biofuel production now mostly paid off and these fuels offering modest energy gains and unclear environmental advantages, France should speed up the scaling back of tax breaks that amounted to 2.65 billion euros ($3.46 billion)between 2005 and 2010, the Court of Accounts said.

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