CORRECTION: IISD report on biofuels in the European Union revises estimate of excise tax exemptions
The International Institute for Sustainable Development (IISD) has revised down its estimate of the subsidies the European Union members states provide to the biofuels sector.
GENEVA—August 13, 2013—The International Institute for Sustainable Development (IISD) has revised down its estimate of the subsidies the European Union members states provide to the biofuels sector.
The report, Biofuels—At What Cost? A review of costs and benefits of EU biofuel policies, issued in April, estimated excise tax exemptions to the biofuels sector were €5.8 billion in 2011. The revised estimate is between €2 and €2.5 billion.
An addendum with a corrected subsidy estimate will be published on August 23, 2013 at www.iisd.org/gsi.
IISD apologizes for the error and any confusion it has caused.
For more information, contact Chris Charles at +41 22 917-8595 or Damon Vis-Dunbar at +41 22 917-8848.
About IISD
The International Institute for Sustainable Development (IISD) is an award-winning independent think tank working to accelerate solutions for a stable climate, sustainable resource management, and fair economies. Our work inspires better decisions and sparks meaningful action to help people and the planet thrive. We shine a light on what can be achieved when governments, businesses, non-profits, and communities come together. IISD’s staff of more than 250 experts come from across the globe and from many disciplines. With offices in Winnipeg, Geneva, Ottawa, and Toronto, our work affects lives in nearly 100 countries.
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