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 a globally recognized think tank with 3 decades of experience working to solve the world’s most pressing sustainable development challenges. We combine deep expertise in a wide range of issues with a collaborative approach to research, policy advice, and hands-on support to ensure these solutions are brought to life. Headquartered in Winnipeg, Manitoba, we are a diverse team of over 300 professionals working from offices in Canada, Switzerland, and other locations around the world.
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