CORRECTION: IISD report on biofuels in the European Union revises estimate of excise tax exemptions
GENEVA—August 13, 2013—The International Institute for Sustainable Development (IISD) has revised down its estimate of the subsidies the European Union members states provide to the biofuels sector.
The report, Biofuels—At What Cost? A review of costs and benefits of EU biofuel policies, issued in April, estimated excise tax exemptions to the biofuels sector were €5.8 billion in 2011. The revised estimate is between €2 and €2.5 billion.
An addendum with a corrected subsidy estimate will be published on August 23, 2013 at www.iisd.org/gsi.
IISD apologizes for the error and any confusion it has caused.
For more information, contact Chris Charles at +41 22 917-8595 or Damon Vis-Dunbar at +41 22 917-8848.
About the International Institute for Sustainable Development
The International Institute for Sustainable Development (IISD) is an independent think tank that delivers the knowledge to act. Our mission is to promote human development and environmental sustainability. Our big-picture view allows us to address the root causes of some of the greatest challenges facing our planet today – ecological destruction, social exclusion, unfair laws and economic and social rules, a changing climate. With offices in Winnipeg, Geneva, Ottawa and Toronto, our work impacts lives in nearly 100 countries.
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