ReportsnReports - Biofuels Market Set to Expand in Sweden
Biofuels Market Set to Expand in Sweden
The biofuel industry in Sweden is all set to expand primarily due to the new legislation on energy and climate strategy passed by the Swedish parliament. The Swedish government intends to have its transport sector fossil fuel free by 2030. The government is also planning to introduce a new legislation which would make 10% bioethanol blending and 7% biodiesel blending mandatory by July, 2010. The European Parliament has mandated a minimum 10% blending target of biofuels with fossil fuels for the transportation sector by 2020.
To achieve these ambitious objectives, numerous financial and tax incentives are being provided to boost the development of the biofuels industry in Sweden. This legislation is expected to usher in a new era of growth for the biofuels industry in Sweden and is thus expected to enable the country to have zero net carbon emissions by 2050.
Scope
- This report analyzes the key trends in the biofuels market in Sweden.
- market sizing information of the Sweden biofuels market
- analysis of drivers of the biofuel market in Sweden.
Reasons to buy
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1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 3
1.2 List of Figures 4
2 GlobalData Viewpoint 5
2.1 Summary 5
3 Biofuels Market Set to Expand in Sweden 6
3.1 New Energy and Climate Strategy to Usher in a New Era for Biofuels in Sweden 6
3.2 Financial and Tax incentives Coupled with Strong Political Support will Ensure High Biofuels Production and Consumption 8
3.2.1 Tax relief on purchase of green cars expected to increase public acceptance of biofuels 8
3.2.2 Continued financial support for increased focus on R&D projects 8
3.2.3 Stricter emission norms for higher biofuels demand 8
3.2.4 Higher taxation of diesel and gasoline to promote biofuels consumption 9
3.3 Enhanced emphasis on feedstock cultivation will make Sweden self sufficient for biofuels production 10
3.3.1 Sweden focuses on domestic feedstock cultivation 10
3.3.2 Higher production capacity utilization would enable increased production 11
4 Appendix 12
4.1 Methodology 12
4.2 About GlobalData 12
4.3 Contact Us 12
4.4 Disclaimer 12
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