Germany is introducing compulsory quotas of
biofuels to be mixed with fossil fuels from the start of 2007. German oil refineries will be required to have
2% biofuel in gasoline until 2009, and 4.4 percent
biodiesel in conventional
diesel. The blending quota for biodiesel was
rumored to be as high as 5.75 percent leading up to the announcement. Refineries will be able to trade the quotas, so refineries that use more biofuels will be able to sell their surplus quota to those that miss their targets. In parallel with the announcement of quotas, the German cabinet decided to end special tax breaks for biodiesel, and slowly phase out subsidies on pure biodiesels.
[Source: Planet Ark]
[Source: Planet Ark]
