The law aims to support the uptake of biofuels through the establishment of the following tax incentives:
- All biofuels are exempted from the carbon tax
- Fuels that contain hydrogenated vegetable and animal fats and oils (HVO) in blends of up to 15% are exempt from the fuel tax
- E85 and other high-blend biofuels continue to be exempt from the fuel tax; and
- Low-blend biofuels are subject to a reduction of the fuel tax.
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Amendment to Act Concerning Energy Tax (a component of the climate and energy package) within the 2013 National Budget Bill
Sectors: Energy, Transport
Examples:
Resilient infrastructure, Fossil fuel divestment, Net zero growth plan, Sustainable fishing
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Amendment to Act Concerning Energy Tax (a component of the climate and energy package) within the 2013 National Budget Bill
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