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Europe Daily Bulletin No. 8016

28 July 2001
GENERAL NEWS / (eu) eu/transport/taxation
In September, Ms de Palacio to propose action plan and tax incentives for promoting biofuels

Brussels, 27/07/2001 (Agence Europe) - European Commissioner for Transport and Energy Loyola de Palacio is expected to propose, in September, an action plan intended to take the share of "alternative" fuels in European fuel consumption to over 20% in 2020. A communication and two draft directives, currently examined by the Commission services, provide for tax relief on biofuels, and the setting of targets by 2009 for each Member State.

The future proposal aims to reduce the European Union's...

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