BIOFUELS DUTIES COULD FALL TO PROMOTE CONSUMPTION
July 1st, 2007
BY KEITH NUTHALL THE EUROPEAN Union (EU) is being pressured to scrap or lower duties on biofuels as the European Commission drafts a law to promote this key energy sector. EU member states promised in March to replace 10% of standard transport fuel with biofuels by 2020, working from today's 1.8% share of the market commanded by these green fuels. And Brussels is coming under pressure to encourage the sector with tax cuts. At an international biofuels conference in Brussels last week (July 5), Brazilian president Luiz Inacio Lula Da Silva called for an end to EU ...
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