Sweden plans to cut CO2 emissions from vehicles by 600,000 tons per year

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Sweden plans to cut CO2 emissions from vehicles by 600,000 tons per year

Greentech Lead Europe: Sweden is planning to reduce CO2
emissions from vehicles by 600,000 tons per year by increasing the amount of
biofuel in gasoline and diesel.

The government said fuel producers would have to double
the amount of ethanol in gasoline to 10 percent and raise the share of fatty
acid methyl esters, FAME, in diesel to 7 percent from 4 percent from 2014,
according to a Bloomberg report.

The Swedish government is considering prolonging a tax
exemption on fuels with little or no fossil ingredients which expires at the
end of next year. It will also levy a small tax on FAME and ethanol in 2013 to
avoid breaching European Union law by making them too competitive, said Hannes
Carl Borg, political adviser to Anna-Karin Hatt, minister for information
technology and energy.

The initiatives will be part of the government’s spring
budget to be published on April 16.

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