Policy status:In Force
Date Effective:2004
Policy Type:Policy Support>Institutional creation, Policy Support>Strategic planning, Regulatory Instruments>Codes and standards>Building codes and standards, Regulatory Instruments>Codes and standards>Sectoral standards, Regulatory Instruments>Obligation schemes , Regulatory Instruments>Codes and standards>Product standards, Economic Instruments>Fiscal/financial incentives>Tax relief
Policy Target:Bioenergy>Biofuels for transport
Policy Sector:Transport
Size of Plant Targeted:Small and Large
Agency:Ministry of Mines and Energy; Ministry of Agriculture and Rural Development; Ministry of Environment and Sustainable Development; Ministry of Transport;

The biofuels program for diesel engines in Colombia began in December 2004 with the approval from the Congress of Law 939, whose objective was to stimulate the production and commercialization of biofuels, from vegetable or animal origin.
Among others, this Act authorized an exemption of taxes for new plantations of palm oil. It defined the different kinds of biofuels for use in diesel engines and specified that the diesel fuel used in the country may contain a blend of biofuel in the qualities and volumes established by the Ministry of Mines and Energy. In addition, incentives such as exemption from global tax were granted for biodiesel.

Last modified: Fri, 10 May 2013 12:11:18 CEST