Source: Business Wire
Apr. 6, 2011 |
(http://www.researchandmarkets.com/research/76253e/biofuel_market_in) has announced the addition of the 'Biofuel Market in Europe to 2020 - Blending Mandates and Tax Incentives Will Accelerate Biofuel Demand in Europe' report to their offering.
This report provides key information and analysis on the market opportunities in the European Biofuel Market. It provides the latest information on the biofuel production and consumption with a detailed assessment of the market forces influencing the European biofuel market. The report also provides analysis of key countries which includes Germany, France and Italy.
European Biofuel Policies to Promote Biofuel Usage in the European Economy
The production of biofuel in Europe has grown significantly over the years. This was due to favorable policies adopted by the European Union (EU). In order to promote the biofuel market in Europe, the EU has formulated various directives for all the European countries. The important legislations for the immense use of biofuel are Renewable Energy Directives, (2009/28/EC, 2003/30/EC), the Energy Taxation Directives (2003/96/EC) and the Directive on the Quality of Petrol and Diesel fuels (2009/30/EC). The Renewable Energy Directive, 2003/30/EC called for a 5.75% market share of biofuel among all transport fuels. This was to be achieved by all member states by 2010. Whereas the market share directives for 2010 still remain in place, the new directive targets for 20% of the share of renewable energies in overall Europe energy consumption by 2020. The budgetary support linked to the volume of biofuel produced or consumed, support for intermediate inputs, support for value-adding factors, support related to distribution and consumption and support for research and development are some of the other key important areas of interest for the EU. The EU has been actively involved in formulating policies which will encourage and promote the use of biofuel in Europe. It also intervenes and controls the market price to maintain a balance by artificially increasing consumer and producer price whenever required. In EU, blending rates and border protection tariffs are very important for maintaining the dynamics of the biofuel market. The blending rate demonstrates mandatory requirements for the share of biofuel in transport fuels sold. The border protection tariff intends to protect European production of biofuel through tariffs on biofuel imports.
Reasons to buy
- Develop business strategies by understanding the trends and developments that are driving the biofuels market
- Identify the necessities of next generation biofuels, their key geographies and evolving market potential.
- Develop business and market strategies region wise based on the key geographies of biofuel development.
- To cater to various business opportunities and make more informed business decisions based on the in depth analysis of the biofuel demand from various end users of biofuels.
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