Government approves biofuel support until 2020

The Czech government on Wednesday approved support for biofuels for the period of 2015 to 2020. The support consists in breaks or exemptions from the excise tax on fuels with added renewable methanol. As an EU member state, the Czech Republic has pledged to replace 10 percent its petrol and diesel consumption with biofuels by the year 2020. The government will however decrease support for two types of biofuel, biodiesel B100 and ethanol E85, which will be subject to taxation, the Czech Agriculture Ministry said, quoting new EU regulations of state support for renewable energy sources as the reason.