German Draft Law Foresees 10 Cent Biodiesel Tax

Berlin, Germany [Reuters] The German government is planning a tax of 10 euro cents ($0.12) per liter on biodiesel fuel and a 15 cent tax per liter on biodiesel used for blending with conventional fuels, according to a copy of a draft law obtained by Reuters. The proposed tax would be over and above a value added tax on biodiesel — already more expensive to produce than conventional fuel — and could make the green alternative fuel uneconomical, its supporters say. Surging oil prices pushed German biodiesel consumption to an estimated 1.8 million to two million tons in 2005 from 1.1 million tons in 2004. …
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