Costs and Benefits of Biofuels - NZIER Report
In 2004, the Minister of Energy requested that the Ministry of Economic Development prepare a report analysing the feasibility and appropriateness of instituting a mandatory biofuels blending requirement. To assist officials' consideration, the Ministry commissioned the New Zealand Institute of Economic Research (NZIER) to prepare the report below.
It should be noted that since the report was finished in November 2004, there have been several Government policy changes (excise duty, level of the carbon tax) which will have impacts on the analysis.
This report is provided as background information and is not intended to be indicative of the Government's official policy.
In addition, to complement this report, the Energy Efficiency and Conservation Authority (EECA) commissioned NZIER to prepare a report on potential incentives other than a mandatory biofuels blending or sales target. That report, Encouraging Uptake of Transport Biofuels, can be found on the Biofuels page of the EECA website.
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