Submitted on Wednesday 18th April 2012
Published on Monday 23rd April 2012
Current status: Closed
Closed: Tuesday 23rd April 2013
Signatures: 2
Removal of Fuel duty on 2nd generation Bio fuels
With the EU so keen to lower its carbon emissions and UK keen to hit targets as well as stimulate the economy I suggest the UK government should remove all fuel duty on 2nd generation Bio fuels.
This would not only allow such products to become worth investing in and producing but would help produce thousands of new jobs in a new Bio fuel industry, prices would eventually come down with better methods of refining the fuel as well as having an immediate reduction in carbon for transport.
For those that don't know 2nd Gen Bio fuel is from wastes such as animal fat, used oil as well as food waste so does not use any extra land than already in use today.
In summary the main pros are:
Increased jobs from a new industry
More stabilised fuel costs
Increased economic output from stable fuel prices
Reduced co2 emission.
Increased protection from a increasingly unstable middle east and unstable oil price.
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