German Biofuel Industry Collapsing Under New Taxes
Posted by Christopher DeMorro on 27 November, 2009
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This item was filled under [ Technology ]
Not everyone wants to save the planet. This is a sad, but true fact. Yet everyone who lives and works within a capitalist economy loves saving money. So it’s good for the planet that, in many cases, saving money and green initiatives go hand in hand by providing an increased economic benefit while lessening environmental impact. Many of these benefits come directly from the government, such as tax exemption status or tax credits for using alternative fuels in vehicles.
And as the German biofuel industry is showing us, taking away those economic benefits can lead to the utter collapse of what looked like a maturing faucet of biofuel.
