News

Biofuels tax

July 22, 2008

Switzerland this month removed its taxation on biofuels such as ethanol to help reduce greenhouse gas emissions from the country's transport.

Swiss companies will also be allowed to import bio-ethanol, which until now only the government has been able to do. The revised law also sets sustainability criteria for biofuels, including a requirement that production must not cause damage to rainforests or biodiversity.

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