BIOBASED PRODUCTS BLOG

EC Approves Sweden’s Prolongation Of Tax Exemption For Biofuels
Posted on November 06, 2020 by Lynn L Bergeson

By Lynn L. Bergeson

On October 8, 2020, the European Commission (EC), under the European Union (EU) State aid rules, approved the prolongation of tax exemptions for biofuels in Sweden. Having exemptions for liquid biofuels from energy and carbon emissions taxation since 2002, Sweden’s scheme aims to increase biofuels use while reducing the fossil fuels use in transport. With EC’s decision, the tax exemption has now been prolonged by one year from January 1, 2021, until December 31, 2021. EC stated that the tax exemptions are not only appropriate, but necessary for stimulating the production and consumption of domestic and imported biofuels in Sweden. In addition, EC found that the Swedish scheme will contribute to the delivery of the EU’s goals in the Paris Agreement and EU’s move towards its 2030 renewables and carbon emissions targets.

Comments (0)

BRAG Biobased Products Blog
Biobased and Renewable Products Advocacy Group
2200 Pennsylvania Avenue, N.W., Suite 100W, Washington, D.C., 20037-1701