REA noted that advanced biofuels, which are made by using unconventional methods and feedstocks such as wastes, can achieve high environmental performance.

Commenting on the initiative, REA Renewable Transport Head Clare Wenner said the UK could surely take a lead in the development of advanced biofuels, by stimulating growth and creating jobs in a new industry.

"We urge Government to give investors a signal that the regulatory framework for renewable transport fuels will be extended beyond 2020 to at least 2030, to give entrants to the competition assurance that their investments will be underpinned by legislation," added Wenner.

Renewable Energy Association represents renewable energy producers and promotes the use of all forms of renewable energy in the UK across power, heat, transport and renewable gas.