Re: Japan to remove tax on biofuel

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Japan to remove tax on biofuel

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Posted by natescape

on 5 Jan 2008 12:28 PM

Japan to remove tax on biofuel

Cool.

Japan plans to cut tax on biofuel use

Filed from Singapore 1/4/2008 3:57:27 PM GMT

JAPAN: Japan is planning to introduce more tax incentives to promote the use of biofuel this year as the country struggles to meet its 1997 Kyoto Protocol target to cut greenhouse gas emissions, according to a report on the Asahi Shimbun.

Under the Kyoto Protocol, Japan must reduce its greenhouse gas emissions by six percent from the 1990 level by 2008-2012. However, preliminary government figures show Japan's emissions in fiscal 2006 had risen by 6.4 percent from the 1990 level.

The government is set to propose amendments to legislation to exempt the use of bioethanol derived from plants from national and local gasoline taxes and the removal of the import tariff on ethyl tertiary-butyl ether (ETBE), a synthesized additive for gasoline.

ETBE is an oxygenated compound made by combining ethanol with isobutylene, a petroleum byproduct. It is subject to a tariff of about JPY3 (US$0.03) per liter. ETBE is less volatile and corrosive than ethanol and can be mixed in larger proportions with gasoline for use in regular vehicles. Tokyo regional gas stations started trial sales of gasoline blended with ETBE last year.

The government has asked the oil industry to include 210,000 kilolitres (55,476,130 gallons) of biofuel in products sold annually, in a bid to expand biofuel use to 500,000 kilolitres (132,086,025 gallons) by fiscal year 2010.

Posted by dereckbc

on 5 Jan 2008 6:50 PM

Re: Japan to remove tax on biofuel

Nathan what is interesting to note here as Japan is a fair example is all countrie who have signed up to the Kyot agreement CO2 emmisions have risen significantly. This is why I think it is a waist of time and peoples money to persue such policies as it is not possible to stop the trend.

Dereck

Posted by Voltaire

on 4 Feb 2008 2:05 AM

Re: Japan to remove tax on biofuel

dereckbc

Nathan what is interesting to note here as Japan is a fair example of all countries who have signed up to the Kyoto agreement- CO2 emmisions have risen significantly. This is why I think it is a waist of time and peoples money to persue such policies as it is not possible to stop the trend.

That's bad news if true. Can you provide evidence that all the signatories of the Kyoto Protocol have increased rather than decreased CO2 emissions since their signing?

We had better hope we can stop the trend of increased CO2 emissions. If we can't, the best scientific evidence we have so far says that mammalian life on earth is headed for a catastrophic die off.