Biofuels Market Set to Expand in Sweden
Biofuels Market Set to Expand in Sweden
The biofuel industry in Sweden is all set to expand primarily due to the new legislation on energy and climate strategy passed by the Swedish parliament. The Swedish government intends to have its transport sector fossil fuel free by 2030. The government is also planning to introduce a new legislation which would make 10% bioethanol blending and 7% biodiesel blending mandatory by July, 2010. The European Parliament has mandated a minimum 10% blending target of biofuels with fossil fuels for the transportation sector by 2020. To achieve these ambitious objectives, numerous financial and tax incentives are being provided to boost the development of the biofuels industry in Sweden. This legislation is expected to usher in a new era of growth for the biofuels industry in Sweden and is thus expected to enable the country to have zero net carbon emissions by 2050. ( http://www.bharatbook.com/detail.asp?id=109668&rt=Biofuels-Market-Set-to-Expand-in-Sweden.html )
Scope
- This report analyzes the key trends in the biofuels market in Sweden.
- market sizing information of the Sweden biofuels market
- analysis of drivers of the biofuel market in Sweden.
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This entry was posted on Monday, January 12th, 2009 at 2:07 am and is filed under Biofuels Emissions. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
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