The United States isn’t alone in taking government steps such as mandates, tariffs and tax incentives to get the renewable fuels business off the ground. Debate on such incentives is raging in Australia, according to ABC Online, which says New South Wales’ peak motoring body has blasted a Federal Government decision to increase the tax on home-grown ethanol and lower the cost of imported product. ABC also reports that some in the Australia parliment want to extend the current domestic ethanol industry protections until 2018 or “it’ll be the end of the domestic ethanol industry” since “oil companies have been dragging their feet for the last six years.”
Sound familiar?