Year:2005 (September 21st)
Policy status:Ended
Date Effective:2005 (September 21st)
Date Ended:2010 (December 31st)
Policy Type:Economic Instruments>Fiscal/financial incentives>Grants and subsidies
Renewable Energy Policy Targets:Bioenergy, Bioenergy, Biofuels for transport
Agency:Ministry of Agriculture
Legal References:Biofuel Law; Cabinet Regulation No.712 of 13 September 2005 “Regulations on the Procedure for Granting State Assistance for Production of the Necessary Minimum Amount of Biofuel and the Procedure for Setting the Financial Assistance Quotas According to the Types of Biofuel”; Cabinet Regulation No.280 of 15 April 2008 “Regulations on Financial Support Quota for Biofuel”
Funding:67.265 million LVL
Renewable Energy Description:

The purpose of the Biofuel Law was to promote biofuels, supporting the utilisation of environment friendly and reliable renewable energy resources.

Some of the important provisions of the law are:

1) The Cabinet will implement the State policy regarding the trade in biofuels in accordance with the provisions of the Law.
2) The State assistance will be granted for the production of the minimum annual amount of biofuel necessary and the financial assistance quotas for the types of biofuels will be specified in accordance with the procedures provided for by the Cabinet.
3) The Cabinet will specify measures which ensure that biofuels account for not less than 2% of the total amount of fuel for transport by 2005 and 5.75% by 2010.
4) The Cabinet will monitor the financing for the initiative, set the quality requirements for biofuels, define the procedures to control biofuel blending processes, and evaluate the economic efficiency of biofuel production in Latvia benchmarking it against average indicators of the EU.
5) The local governments will provide incentives to consumers to use biofuels, promote the use of biofuel in public transport, and create favourable conditions for the production of biofuels.

Related policies:Biofuel Production and Use in Latvia programme (2003-2010)

Last modified: Tue, 20 May 2014 15:18:59 CEST