• Policy

        • Germany

        • 2021

        German Climate Action Programme - National Fuel Emission Allowance Trading Act (BEHG)

        …case for the energy sector and energy-intensive industry within the framework of the European emissions trading scheme. Companies trading in heating oil, natural gas, petrol and diesel are required to acquire pollution rights in the form of emission certificates. When a company places for example heating oil, liquefied petroleum gas, natural gas, coal, petrol or diesel on the market, it will need one certificate for every tonne of CO2 that will eventually be emitted by the products they place on the market. In this way, the Federal Government aims to incentivise the switch towards more sustainable heating and transportation…

        • Policy

        • United States

        • 2021

        Consolidated Appropriations Act

        …production tax credit by 1 year- extending tax credits by two years for fuel cell vehicles, biofuels, and alternative fuel infrastructure- extending through 2025 (two additional years) tax credits awarded on a per-ton basis for carbon dioxide that is sequestered- providing USD 90 million in grants for replacing older diesel-powered vehicles and equipment with cleaner-burning models, USD 3 million more funding from FY 2020. - provisions for mandatory reporting of methane emissions from animal manure- allowing the commercial building energy efficiency tax deduction, with the credit indexed to inflation and updated efficiency standards.- Requiring US companies to reduce…

        • Policy

        • Hungary

        • 2021

        Fuel price cap

        In an effort to shield domestic consumers from the effects of the global energy price crisis, the Hungarian government enacted a fuel price cap, set at HUF 480 per liter in November 2021. The cap initially translated into a domestic average price reduction of HUF 506 for gasoline and HUF 512  for diesel. It was extended several times, and now runs until October 2022. However, following the shutdown for maintenance of MOL’s main refinery, which fully covers 100% of Hungary’s fuel needs, the fuel price cap implementation was restricted in August 2022 to privately-owned vehicles, farm machineries…

        • Policy

        • Netherlands

        • 2022

        Supplementary fiscal purchasing power measures Act 2022

        …energy prices:Raising the one-off energy allowance (energietoeslag) for people on incomes around the level of social assistance benefit to EUR 800.Lowering the rate of value-added tax (VAT) on energy from 21% to 9%. The reduced rate on electricity and gas will apply from 1 July through 31 December 2022.Excise duties on unleaded light oil (petrol), gas oil (diesel) and liquefied petroleum gas (LPG) will temporarily be reduced by 21% with retroactive effect to 1 April 2022 until 31 December 2022.Finally, the government is bringing forward spending of EUR 150 million, originally earmarked for 2026…

        • Policy

        • Italy

        • 2022

        Support Decree 2

        …9.86 billion. This includes:Extension of the cancellation of rates related to general electricity system charges for Q4 2022.Electric and gas social bonus: Extension of Tariff concessions in favour of vulnerable people.Tax credits and other facilities against expenses incurred for the purchase of electricity and gas.Tax credits for energy intensive companies.  Extension of reduction of excise rates of EUR 0.305/litre (when including VAT) on petrol and diesel until end August 2022.Reduce VAT to 5% on the supply of methane gas for thermal energy.Vouchers for public transportation services targeted at low income households.

        • Policy

        • Croatia

        • 2023

        Energy Package 4

        …for households at 59 euro/MWh for consumption under 2500 KWh and at 88 euro/MWh for consumption above that, and for non-profit organisations and SMEs at 62 euro/MWh. Gas prices are discounted by 13.3 euro/MWh for households and by 0.0199 euros/kWh for entrepreneurs until April 2024. Diesel fuel subsidies are extended until 31 March 2024 at EUR 0.16 per litre. The package also includes EUR 64 million in one-time benefits for pensioners, EUR 9 million for beneficiaries of child allowances and EUR 6 million for unemployed people to cover energy prices.

        • Policy

        • Japan

        • 2009

        Eco-Car Tax Break and Subsidies for Vehicles

        With the Eco-Car Tax Break, clean energy vehicles enjoy a tax reduction/exemption with respect to three vehicles taxes: motor vehicle tonnage tax, automobile acquisition tax and motor vehicle tax (ownership). Eligible vehicle types include high fuel efficiency internal combustion engine vehicles, electric vehicles, fuel-cell powered vehicles, plug-in hybrid vehicles, natural gas vehicles and clean diesel passenger vehicles.  Starting from January 2024, vehicles that achieve 80% of Japan's energy-saving target will receive a 50% tax reduction, while those achieving 70% will receive a 25% tax reduction.

        • Policy

        • Japan

        • 2022

        2022 Comprehensive emergency measures to address soaring crude oil and commodity prices

        In an effort to cushion domestic consumers from the effects of the global energy crisis, the Japanese Prime Minister put forward a JPY 6.2 trillion direct government spending package at the end of April 2022, financed by a JPY 2.7 trillion FY2022 supplementary budget, as well as government reserve funds.It includes: -transport fuel (eg gasoline, diesel, heavy oil all aviation fuels, and a special subsidy to taxi companies), through a subsidy scheme targeting oil refining companies; -subsidies to help SMEs face the rise in energy and other raw material price; -subsidies for low income & vulnerable households…

        • Policy

        • United Kingdom

        • 2011

        National Emergency Plan for Fuel

        …out in the National Emergency Plan for Fuel (NEP-F). They range from light-handed measures to the allocation and rationing of oil products. In a disruption that requires central government action, light-handed measures are preferred. Light-handed measures include: communication strategies to disseminate the relevant information quickly and to reassure the public to limit panic buying; demand-reducing measures, such as speed limit reductions and voluntary demand reduction campaigns; and the relaxation of regulations that affect the supply or use of petroleum products (e.g. gasoline, diesel, heating oil, and LPG) – such as those relating to drivers’ hours.

        • Policy

        • Saudi Arabia

        • 2017

        Royal Decree No. M / 18 - The petroleum products trade system

        …distribution, import and export. This includes crude oil and its derivatives, including: jet fuel, kerosene, gasoline, diesel, fuel oil, and asphalt. Product priced by state is limited to fuel use for burning purposes while feedstock applications would have to adhere to international prices.  The law requires persons to obtain a permit from this ministry before exporting or importing any petroleum products or materials containing priced or unpriced petroleum products. Any person who trades in petroleum products including buying, selling, distribution or uses petroleum products for commercial purposes without the required permit or approval of the Ministry may be subject to…

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