European Union subsidies to encourage farmers to grow biofuel crops have reached their annual limit, the European Commission said Wednesday.
EU Agriculture Commissioner Mariann Fischer Boel questioned if they were still needed. "This payment has been very useful in stimulating the European biofuels sector," she said.
"But ... next month we will have to ask whether it is still necessary. We now have a binding target for biofuels and a blossoming marketplace."
