|Year:||2008 (last updated 2015)|
|Policy status:||In Force|
|Date Effective:||2008 (last updated 2015)|
|Policy Type:||Regulatory Instruments>Obligation schemes|
|Policy Target:||Bioenergy>Biofuels for transport|
|Agency:||Renewable Transport Fuel Agency|
|Legal References:||The Renewable Transport Fuel Obligation (Amendment) Order 2009 (Statutory Instrument 2009 No. 483)|
In November 2005 the Government announced it would introduce a Renewable Transport Fuel Obligation (RTFO) - a long term mechanism requiring transport fuel suppliers to ensure a set percentage of their sales are from a renewable source. The Obligation also requires suppliers to publicly report on the carbon savings and sustainable production of biofuels supplied. Non-complying suppliers will pay a penalty.
Backed by tradable offset certificates - Renewable Transport Fuel Certificates (RTFCs), the Obligation programm aligns with the EU Directive 2003/30/EC on the promotion of biofuels and renewable fuels for transport.
|Related policies:||Directive on Biofuels for Transport (2003/30/EC) , Preferential Tax Regimes for Biofuels|
Last modified: Thu, 30 Jul 2015 12:32:53 CEST