Brussels, 13/03/2008 (Agence Europe) - On Wednesday 12 March, the European Commission authorised an Italian tax reduction to stimulate the production and use of biodiesel. The measure modifies and prolongs a previously approved scheme and introduces a supply obligation for biofuels.
The Commission has consistently authorized support schemes for biofuels where it could be demonstrated that the aid did not exceed the difference between the cost of producing the biofuel (including a normal...