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Markets :: Alternative Fuels :: Bioethanol

OECD at Bali Talks Suggests the Removal of Biofuels Subsidies

2:55 PM MST | December 14, 2007 | Chemical Week Editorial Staff

‘Bad’ tax: OECD calls for changes. Organisation of Economic Cooperation and Development (OECD; Paris) secretary-general Angel Gurria called for governments to consider removing subsidies on biofuels, in a speech at the United Nations Climate Change conference, held last week in Bali. He urged countries that continue to subsidize the “good” solutions to climate change, rather than tax the “bad” ones, to change policies. “Subsidizing a particular kind of good behavior risks locking in technologies that may later be...

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