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Essay

European Biofuels Market

Essay specific features

 

Issue:

Business

 

Written by:

David S

 

Date added:

April 30, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 500

 

Was viewed:

3065 times

 

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Essay content:

"Imports of heavily subsidised biodiesel fuel from the US, so-called B99, have eroded margins to the point where we have no choice but to consider how to reduce operating costs. "We are taking this action in order to manage the business proactively in a difficult market," he added. Mannis said the EU was trying to negotiate change in Washington and would take the case to the World Trade Organisation, which regulates free trade, but that changes could take months...
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"If you believe in free trade, this isn't a fair market." He feels it is unlikely that the US will end subsidies to the powerful farming lobby in an election year. The B99 blend of biofuel receives a subsidy in the US and also tax exemption when it is imported into the UK. The situation is coming to a head because for the fiscal year 2008 (which runs from April 2008 to March 2009), the UK has to meet a EU target for biofuels that requires 2...
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