Extract from Public Bill committee proceedings on the Finance (No.2) Bill - Apr 27
Wednesday, 28 April 2021 08:36
The Exchequer Secretary to the Treasury (Kemi Badenoch):...On the
question of biofuels, to respond to the hon. Member for Glenrothes,
all users of biofuels will be taxed at the same rate as ordinary
diesel, to reflect the fact that biodiesel releases just as much
carbon dioxide when burned. The Government recognise that renewable
biofuels deliver greenhouse gas savings, as they are sourced from
feedstocks that extract CO2 from the atmosphere. To incentivise the
use of these low-carbon fuels...Request free trial
The Exchequer Secretary to the Treasury ():...On the question of biofuels, to respond to
the hon. Member for Glenrothes, all users of biofuels will be taxed
at the same rate as ordinary diesel, to reflect the fact that
biodiesel releases just as much carbon dioxide when burned. The
Government recognise that renewable biofuels deliver greenhouse gas
savings, as they are sourced from feedstocks that extract CO2 from
the atmosphere. To incentivise the use of these low-carbon fuels
and reduce emissions from fuel supplied for use in transport, the
Government introduced the Renewable Transport Fuel Obligation in
2008, whereby all road transport fossil-fuel suppliers in the UK
are required to show that a percentage of the total road and
non-road mobile machinery fuels they supply come from sustainable
and renewable energy sources. Again, I remind him that the
Government keep all of these rates under review...
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