EU biofuel subsidies much lower than IISD originally reported

August 26, 2013

BY Ron Kotrba

The International Institute for Sustainable Development has corrected a big error it made in an April report regarding how much money the EU biofuel sector receives in excise tax exemptions from member states. In April, the IISD’s Global Subsidies Initiative published a report, titled, “Biofuels—At What Cost? A review of costs and benefits of EU biofuel policies,” in which the organization stated the EU biofuel sector received €5.8 billion in excise tax exemptions in 2011. On Aug. 23, an addendum to that report was published, and new figures show the organization overestimated excise tax exemptions by nearly three-fold in its April report.

“IISD apologizes for the error and any confusion it has caused,” it stated. “The updated estimate for fuel excise tax exemption is €2.047 billion in total, made up of €562 million for ethanol and €1.485 billion for biodiesel. The corrected estimate is lower than the original estimates by €3.757 billion in total. For bioethanol, the estimate is €2.048 billion lower. For biodiesel, the estimate is €1.709 billion lower.”

As a result, the overall estimate for EU biofuels subsidies is €5.515–€6.896 billion, compared to €9.272–€10.653 billion published in the original report.

IISD says only the estimate for fuel excise tax exemption for ethanol and biodiesel has been changed and all other estimates remain the same, “including the market transfers, which make up the largest type of subsidy,” the group stated.

Advertisement

Click here to view or download the addendum.

 

Advertisement

Related Stories

The Oregon DEQ has confirmed that the 2024 annual report deadline for the state’s Clean Fuels Program will be delayed until May 30 due to a cyberattack the resulted in an extended outage of the Oregon Fuels Reporting System.

Read More

Legislation currently under consideration by the New York legislature aims to establish a clean fuel standard (CFS) that would reduce the greenhouse gas (GHG) intensity from on-road transportation by 20% by 2033.

Read More

On April 23, the Advanced Biofuels Association (ABFA) met with officials in the U.S. EPA to convey the vital importance of domestic biofuel production to the Trump-Vance administration’s energy dominance policy agenda.

Read More

Aemetis Inc. on April 23 announced that its subsidiary in India, Universal Biofuels, has been working with the U.S. government to support the success of American interests in India. U.S. Consul General Jennifer Larson recently toured the facility.

Read More

CARB on April 4 released a third set of proposed changes to the state’s LCFS. More than 80 public comments were filed ahead of an April 21 deadline, including those filed by representatives of the ethanol, biobased diesel and biogas industries.

Read More

Upcoming Events

Sign up for our e-newsletter!

Advertisement

Advertisement